See Copy Of Self-Certification Forms FG Wants You To Fill Or Lose 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.”

 

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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”.

Comply or face sanctions

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

“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.”

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Copy Of Self-Certification Forms

A copy of the “Self-Certification Forms” detailing the information that account holders are meant to share has emerged.