Nigeria News

Fill and submit new Self-Certification Form or risk blocking – FG to Nigerian bank account holders

The Federal Government of Nigeria has asked all Nigerians with accounts in any financial institutions to obtain, complete and submit Self – Certification Forms to their respective financial institutions, despite the existing Bank Verification Number, National Identification Number and National Identity Management Commission in the country.

This was revealed in a series of tweets on Thursday.

The forms, according to the tweet thread from the verified account of the Government of Nigeria explained that the forms are required by the relevant financial institutions to carry out due diligence procedures in line with the Income Tax Regulations 2019.

The tweet thread read, “This is to notify the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc) are required to obtain, complete and submit Self – Certification Forms to their respective Financial Institutions.

“Persons holding accounts in different financial institutions is required to complete & submit the form to each one of the institutions. The forms are required by the relevant financial institutions to carry out due diligence procedures in line with the Income Tax Regulations 2019

“The self-certification form is in 3 categories: Form for Entity, for Controlling Person (Individuals having controlling interest in a legal person, trustee, etc), form for individual.

“Failure to comply with the requirement to administer or execute this form attracts sanctions which may include monetary penalty or inability to operate the account. For more enquiries, visit FIRS’ website.”

Sunny Green Itodo

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