Connect with us


FG directs account holders, Banks to re-register



Account holders in Nigeria’s financial institutions have been directed to re-register their details by the Federal Government.

Reasons for the fresh directive was still unknown, but it’s recalled that Nigerians have similar details captured through the Bank Verification Number and the National Identification Number by account holders.

This new order was disclosed by the government on its Twitter account, @NigeriaGov, on Thursday.

Read Also:  CCT: Buhari's Minister says N20,000 is per member per household

It said, “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 are required to complete and submit the form to each one of the institutions.

Read Also:  Bank account holders re-registration: FG tenders apology

“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 three categories: Form for entity – for controlling person (individuals having controlling interest in a legal person, trustee, etc) – Form for individual.

Read Also:  Nigeria's investment inflow hits $5.854 billion in 1Q amid COVID-19 pandemic

“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.


Contact Us:

  • Address: Address: 1st Floor,  Nwakpabi Plaza,  Suite 110, Waziri Ibrahim Crescent, Apo,  Abuja
  • Tel: +234 7036084449, +234 8066722600, +234 7012711701
  • Email:

Quick Links: