The Manager, Afribank, Lagos. Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notic...

Answer Details

The above instruction is a standing order. It is an instruction given by a bank account holder to their bank, to make regular payments to a specified beneficiary or payee, usually for a fixed period. In this case, the instruction is to make a payment of #125.00 to Great Nigeria Insurance Company at the end of every month until further notice, starting from this month. The payment will be made automatically by the bank, without the need for further instructions from the account holder, until the standing order is cancelled or amended.