FG Directs Nigerians to Obtain Self-Certification Form from Bank

FG Directs Nigerians to Obtain Self-Certification Form from Bank

The Federal Government of Nigeria has directed its citizens to obtain Self-Certification Form from their financial institutions.

This follows several means of identity registration already established by the government to get registered with Nigeria database which includes the National Identification, Bank Verification (BVN), and other means of identifying Nigerians.

On Thursday, the President Buhari’s administration directed all Nigerians to register with their financial institutions such as Banks, Insurance Companies, etc, and obtain the said self-certification form.

The information made available on Twitter through the verified Twitter handle of the federal government of Nigeria stated that every persons holding different account with several financial institutions are to obtain the form from each of the institutions.

Nigeria News World gathered that this registration is powered by the Federal Inland Revenue Service (FIRS) to keep diligent record of the citizens’ Tax-Income.

“The forms are required by the relevant financial institutions to carry out due diligence procedures in line with the Income Tax Regulations 2019.” The statement reads partly.

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According to the FIRS, the form which is in three categories covers form for; Entity, Controlling Person (this includes individuals controlling interest in a legal person’s, trustee etc), and lastly, for individuals.

It added that appropriate sanctions which includes monetary penalty, inability to operate the account among others, will be administered to persons who fail to comply with this directive.

However, this new directive has generated an uproar among Nigerians who feel the self-certification firm is irrelevant after several registration with the NIMC which requires biometric.

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