• Federa Government Orders Nigerians To Submit Self-Certification Forms Or Loss Bank Accounts
  • Federa Government Orders Nigerians To Submit Self-Certification  Forms Or Loss Bank Accounts
    The Federal Government has ordered all Nigerians holding accounts across financial institutions and insurance firms to complete and submit Self-certification forms. President Muhammadu Buhari-led Federal government announced the decision in a terse statement on the micro-blogging site, Twitter on Thursday evening, September 17. Buhari government warned that failure to comply may include monetary penalty or inability to operate the account. Self-certification forms The statement reads as thus; “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 federal government said the certification forms would be in 3 categories, which are “Form for Entity – For Controlling Person (Individuals having a controlling interest in a legal person, trustee, etc) – Form for individual”. Comply or face sanctions The federal government urged Nigerians to comply with the requirements and execute all forms needs, if not sanctions may be introduced in the forms of a monetary penalty or inability to operate the account. “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.”
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  • 18 Sep '20 - 07:02am
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  • Comments (29)
  • chijoke3 on 18 Sep '20 - 07:04am
    yes that's good mr president 👍
    2
  • michaevelly on 18 Sep '20 - 07:21am
    thanks for the update
    2
  • dsourse on 18 Sep '20 - 07:40am
    nice update keep it up
    2
  • marghi7 on 18 Sep '20 - 08:15am
    thanks for the update
    2
  • chachababy on 18 Sep '20 - 07:03am
    why we they submit self certificate
    1
  • justmike on 18 Sep '20 - 07:10am
    thanks for the information
    1
  • luwas on 18 Sep '20 - 07:16am
    keep updating us thanks for the information
    1
  • gawirnan1987 on 18 Sep '20 - 07:19am
    good job Mr President
    1
  • michaevelly on 18 Sep '20 - 07:20am
    thanks for the update
    1
  • michaevelly on 18 Sep '20 - 07:21am
    thanks for the update
    1
  • harribaba on 18 Sep '20 - 07:41am
    thanks for the info
    1
  • ayokoyoungest on 18 Sep '20 - 08:14am
    thanks for the information
    1
  • onyeka24 on 18 Sep '20 - 04:08pm
    what a world. Even after bvn?
    1
  • arin70 on 23 Oct '20 - 07:42pm
    Thanks for the update
    0
  • tahir333 on 18 Sep '20 - 08:26am
    next level at it again
    0
  • musa440 on 18 Sep '20 - 08:37am
    thank u for the update
    0
  • manan on 18 Sep '20 - 08:59am
    thanks for updating us
    0
  • olaifa2 on 18 Sep '20 - 09:30am
    thanks for the e
    0
  • juwonaiyeku on 18 Sep '20 - 09:50am
    thanks for rhe update
    0
  • adekuz007 on 18 Sep '20 - 11:23am
    Nigeria government don start
    0
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