please help review this ..submitted proof of fund and used the exchange rate as at submission now the exchange rate is high and a letter was given ..
I am now completing the assessment of your application for a permanent resident visa. It appears that you may not meet the requirements for immigration to Canada. You have not met the following condition:
On February 5, 2020, based on the information you provided in your Express Entry profile, you were invited to apply for permanent residence in the Provincial Nominee Program. If you are nominated under a province or territory’s Express Entry stream, you must meet the requirements for provincial nomination, and you must also meet the minimum criteria for Express Entry which includes meeting the requirements of at least one of the immigration programs it covers: that is, Federal Skilled Worker Program, Federal Skilled Trades Program, or Canadian Experience Class.
At the time you were invited to apply, it was determined that you did not meet the minimum entry criteria for either the Canadian Experience Class or the Federal Skilled Trades Program. Upon further review of the information and documentation you submitted as evidence of work experience, I have determined that you do not appear to meet Federal Skilled Worker (FSW) program minimum requirements as per R76(1)(b).
According to subsection R76(1)(b) of the Immigration Refugee Protection Regulations, you must show that you have enough money to settle in Canada to meet the minimum requirements of the FSW Program. Upon review of information you submitted as proof of funds, I have determined that you have not provided sufficient evidence that you have enough funds to meet the requirement for this program, as per R76(1)(b).
For a family of 1, an applicant must show that he/she has in liquid funds at least $12,960 CAD. Funds must be readily available to you, and must be available both when you apply and when (if) we issue you a permanent resident visa. For proof, you must submit official letters from any banks or financial institutions where you are keeping money.
Letter(s) must:
be printed on the financial institution’s letterhead
include their contact information (address, telephone number and email address)
include your name
list outstanding debts such as credit card debts and loans
include, for each current bank and investment account:
account numbers
the date each account was opened
the current balance of each account
the average balance for the past six months
I have reviewed the bank statements and other documents you submitted for the following accounts: First City Monument Bank (FCMB), (...6016), Available Balance 3,501,539.91 Nigerian Naira =
$12,183.23 CAD.
After reviewing the above statements and documents I have determined that you do not appear to meet
the minimum requirements of the Federal Skilled Worker Program, specifically the requirement for available funds according to R76(1)(b). I am not satisfied that you have at your disposal, with sufficient liquidity, and with the ability to transfer those assets, the necessary threshold of funds to support your establishment in Canada on arrival.
Before I make a final decision, you may submit additional information relating to this issue. You have 30 days from the date of this letter to submit additional information to me via your MyCIC account.
You are responsible for any fees charged by your financial institution or other professionals you consult as a result of this opportunity to submit new information.
As stated above, you must provide any additional information within 30 days from the date of this letter. If you choose not to respond with additional information I will make my decision based on the information before me, which may result in the refusal of your application.
I look forward to receiving your additional information. Sincerely,
www.canada.ca/immigration
PLEASE NOTE: If you are unable to provide the requested document(s) due to COVID-19, we
want to reassure you that your application will not be refused solely on the basis of not completing
these requests. Once it is possible for you to complete the request for additional information or
documents, please do so as soon as possible to avoid further delays.