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13. Paying into SCAFI

You can pay in two ways.

  • Online, with Paystack. Only when online payment is set up on the platform.
  • Bank transfer, into the custodian collection account shown under How to contribute.

Option A: pay online.

  1. Open Investments. On your SCAFI card, select Pay online.
  2. Type the amount in Amount in ₦. The minimum is one unit at the current NAV.
  3. Select Pay online. The Paystack secure checkout opens. Complete the payment there.
  4. You return to DFFMS, which checks the payment directly with Paystack.

Option B: bank transfer.

  1. Open Investments and read How to contribute on your card.
  2. Transfer the money to the collection account shown.
  3. Keep your bank receipt. Staff will record it using the bank reference.
  4. A finance officer records it, and a finance approver approves it. Your units are allotted after approval.

Musa pays ₦500,000 by bank transfer. Blessing Okon, a SAIF investor, pays on the SEC platform instead (section 16).

What happens next.

  • Online: if the payment succeeds, your units are allotted at once. No staff approval is needed. You see "Your payment was verified with the provider and your units were allotted."
  • Bank transfer: the payment waits for approval. You are notified when units are allotted at the price per unit that applies.

Common problems.

  • "Online payment is not available at the moment". Use bank transfer.
  • "…being confirmed…". Wait a few minutes and check Transactions. Do not pay again.
  • "The payment was not completed. No value was posted; you can try again." Nothing was taken. Try again.
  • The scheme is nearly full. DFFMS does not accept a payment that takes the scheme past its series size.