LAPO Microfinance Bank SWIFT Code in Nigeria: Does LAPO MFB Have One?
LAPO Microfinance Bank is one of Nigeria’s established microfinance institutions, but searching for a LAPO SWIFT code requires care. A domestic Nigerian bank identifier is not automatically a SWIFT/BIC, and a code should not be generated simply because an international sender requests one.
A publicly verified SWIFT/BIC for LAPO Microfinance Bank has not been established from the current information reviewed for this article. Customers expecting an international transfer should therefore obtain the bank’s current receiving instructions before giving details to the sender.
Does LAPO Microfinance Bank have a SWIFT code?
A publicly verified SWIFT/BIC has not been established from the information reviewed.
This does not establish that every possible international payment route is unavailable. It means that an unverified code should not be presented as LAPO’s confirmed BIC.
Why LAPO’s domestic banking details are different
Nigerian banks and microfinance institutions use domestic identifiers for local transfers. SWIFT/BIC is a separate international identification system.
Therefore, a number found in a Nigerian bank-code list should not automatically be entered into an overseas bank’s SWIFT field.
How to receive an international payment into LAPO
The recipient should contact LAPO Microfinance Bank and ask for its current international receiving instructions. The bank can confirm whether the payment should be sent through a correspondent institution, remittance provider or another supported route.
Details the sender may need
- Beneficiary’s full name.
- LAPO account number.
- Exact receiving institution name.
- Bank address where required.
- SWIFT/BIC if LAPO provides one for the payment route.
- Correspondent-bank information if applicable.
- Currency and amount.
- Purpose and reference.
Why you should verify the receiving route
International payments can involve intermediary banks. Even when a recipient has a Nigerian bank account, the sender may need additional information to route the money correctly.
Obtaining the instructions before sending reduces the risk of a failed transfer.
Common LAPO SWIFT mistakes
- Using a domestic bank code as a BIC.
- Using a code belonging to another LAPO-related company.
- Inventing an 11-character code.
- Adding XXX without verification.
- Assuming every currency uses the same correspondent route.
Frequently asked questions
What is LAPO Microfinance Bank’s SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
Can LAPO receive money from abroad?
The available route depends on LAPO’s current arrangements and the payment method. Contact the bank for current receiving instructions.
Can I use a Nigerian LAPO bank code as SWIFT?
No. Domestic bank identifiers and SWIFT/BIC identifiers are different.
Should I trust a third-party LAPO SWIFT code?
Verify it with LAPO before using it for an international transfer.