FG Orders Nigerians With Bank Accounts To Fill, Submit Self-Certification Forms


President Muhammadu BuhariFederal Government has ordered all persons with bank accounts across financial institutions and insurance firms to complete and submit self-certification forms.

This was announced by the Federal Government in a social media statement on Thursday.

FG warned that failure to comply may include monetary penalty or inability to operate the account.

It stated;

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.

According to the statement;

Persons holding accounts in different financial institutions are 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 expressed that;

The certification forms would be in 3 categories, which are “Form for Entity – For Controlling Person (Individuals having controlling interest in a legal person, trustee, etc) – Form for individual.

In addition, FG urged Nigerians to comply with the requirements and execute all forms needs, if not sanctions may be introduced in the forms of monetary penalty or inability to operate the account.

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