• Likes
  • Followers
  • Followers
  • Friday, June 6, 2025
  • Contact Us

NEWSCLICKNG NEWSCLICKNG - Most Development-Focused News Platform

  • News
  • Politics
  • Business
  • Sports
  • Education
  • Entertainment
  • lifestyle
  • Health
  • Arts & Culture
  • Technology
NewsclickNG
  • Home
  • Business
  • FG orders compulsory ‘self certification’ for all bank, other account holders in Nigeria

FG orders compulsory ‘self certification’ for all bank, other account holders in Nigeria

BusinessFeaturedPolitics
By Oluwadamilare Emmanuel On Sep 18, 2020
Plea for forgiveness: Many of those you offended are dead, Afenifere blasts Buhari
269
Share

The Federal Government has ordered all account holders in the country’s financial institutions to do a compulsory “self certification” exercise.

The order was given despite the possession of the Bank Verification Number and the National Identification Number by account holders.

This new order was disclosed by the government on its Twitter account, @NigeriaGov, on Thursday.

https://twitter.com/NigeriaGov/status/1306634571082076161?s=20

https://twitter.com/NigeriaGov/status/1306634576291418118?s=20

Related Posts

Akwa Ibom Governor dumps PDP for APC

Jun 6, 2025

How FG’s Naira-for-crude policy influenced petrol…

Jun 6, 2025

Data consumption declines as Nigeria’s internet subscribers…

Jun 5, 2025

It said, “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 are required to complete and 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 three 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.”

The government, however, did not give more explanation on this order.

Account HoldersBankFGNigeriaSelf Certification
Oluwadamilare Emmanuel 21559 posts 0 comments

Prev Post

Gunmen in Army uniform invade Sokoto, kill DPO, inspector

Next Post

90% of Nigeria’s Tax Revenue Come From Non-Oil Sector – FIRS

You might also like More from author
Politics

Akwa Ibom Governor dumps PDP for APC

Business

How FG’s Naira-for-crude policy influenced petrol price reduction –…

Business

Data consumption declines as Nigeria’s internet subscribers drops to 141.9m

Business

Naira rises to N1,615/$ in parallel market

Prev Next
  • About us
  • Contact Us
  • Privacy Policy
  • Terms of use
  • Advertise with us
© 2025 - NewsclickNG. All Rights Reserved.
Website Design: DN