EVERY BANK ACCOUNT HOLDER MUST COMPLETE AND SUMMIT SELF CERTIFICATION FORM.

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The federal government has directed Nigerians with accounts in any financial institutions to obtain, complete and submit a self – certification forms to their respective financial institutions or face penalties for not complying.

The directive was announced on Thursday, September 17, via the federal government’s Twitter handle.

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

— Government of Nigeria (@NigeriaGov) September 17, 2020

The federal government has announced a new bank self-certification process. technology times.ng Source: UGC The federal government said individuals who hold accounts in different financial institutions would have to collect and submit separate forms 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,” it said.

According to the government, the failure to comply with the directive would attract sanctions such as monetary penalties or the inability to operate the account