Nigeria Government Orders Account Holders To Fill Out Forms Indicating Accounts In Banks

The Federal government of Nigeria has issued an order to account holders in Nigerian banks and other financial institutions to visit their banks to fill out forms stating their account details or risk sanctions.

Defaulters are liable to monetary sanctions or risk losing access to their accounts.

No deadline has been given yet bit Nigerians have taken to the social media to vent their anger.

The statement which was punished on its official twitter handle @NigeriaGov published at 5:42pm on Thursday reads:

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 2019The 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 @firsNigeria website (firs.gov.ng) for more details.

A visit to the stated website has no information on the subject matter.

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Nigerians React

Wale Adetona @iSlimfit said:Forward-thinking Nations are building digital solutions to solve various problems. But in 2020, our own government still wants us to go queue under the sun to fill and submit “self a certification” forms despite National ID, BVN, Voters Card etc. Suffer no dey taya you????

Constitutional lawyer and social media influencer in his opinion said:The Buhari regime behaves like a stubborn witch that is determined to kill its victim by all means. They don’t even pretend about the fact that they want to foist hardship on the citizens. Asking people to line up in banks and fill forms despite National ID and BVN is ludicrous.

For Blogger Japhet Omojuwa:Na you do National ID card, na you do SIM registration, you even did Bank Verification Number to align accounts but you are here again talking “Self-Certification. Even if you are confused about running government, can you at least pretend not to be confused?

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