Sahara News
Breaking News in Nigeria and World wide

FG Orders All Account Holders In Nigeria To Do ‘Self Certification’ Or Lose Their Money.

The Federal Government has announced that all account holders in Financial institutions such as Banks and Insurance companies are required to obtain complete and submit self certification forms to their respective financial institutions.

This new directive was posted on the official Twitter handle of the Federal Government @NigeriaGov.

The FG stated that all persons holding accounts in different financial institutions are required to complete & submit the form to each one of the institutions. Suggested News

According to the new directive, the forms are required by the relevant financial institutions to carry out due diligence procedures in line with the Income Tax Regulations 2019.

ALSO READ:  BREAKING: "Better Let Me Go In peace" - Okorocha Warns Ihedioha As He Hands Over

While enumerating the categories of the self-certification form, it was clearly stated that failure to comply with the
requirement to administer or execute this form attracts sanctions.

It reads partly;

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 @firsNigeria website ( for more details.

ALSO READ:  JUST IN: Again, soldiers on the run as Boko Haram takes another community.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

error: Content is protected !!