Nigerians have kicked against Buhari over FG’s New order on Bank Accounts.
GoldenNewsNg had reported earlier that 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.
Read Also: Just In : FG Orders Nigerians With Bank Accounts To Fill, Submit Self-Certification Forms
Buhari government warned that failure to comply with the New order on Bank Accounts may include monetary penalty or inability to operate the account.
Self-certification forms on Bank Accounts
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.”
INFORMATION:
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.
— GOVERNMENT OF NIGERIA (@NIGERIAGOV) SEPTEMBER 17, 2020
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”.
