Friday

Nigerians Revolt FG's Imposure of Self-Certification Forms

Nigerians Blow Hot Against FG's Imposure of Self-Certification Forms
Nigerians are revolting the Federal governments mandate which requests that all account account holders across financial institutions such banks and insurance firms, to fill and submit Self-Certification Form or face stringent measure.

Late Thursday evening, Nigeria's Federal Government had in a Twitter thread made via their official handle, threatened to impose strict sanctions to penalize defaulters of the new mandate.

The tweet highlighted that;
“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 FIRS’ website.”

Reacting to the information, well meaning Nigerians took to Twitter to voice out their concerns. Check them out below and tell us what you think in the comment section below.

FG Mandates Bank Account Holders To Submit Self-Certification Forms Or Face Stringent Measures

FG Mandates Bank Account Holders To Submit Self-Certification Forms
President Muhammadu Buhari
Nigeria's Federal Government has issued a mandate requesting all account holders across financial institutions such banks and insurance firms, to fill and submit Self-Certification Forms.

In a Twitter thread made via their official handle on Thursday evening, the Government threatened to impose sanctions which would include monetary penalty and in worse case scenario, those found wanting would be refused access to their accounts

The tweets reads 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 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 FIRS’ website.”

This comes even after Nigerians have enrolled for the National Identity Management Commission in the country as well as National Identification Number and Bank Verification Number.