Bank re-registration: FG apologises to Nigerians for misleading tweet

Bank re-registration: FG apologises to Nigerians for misleading tweet

- The federal government has apologised for asking all Nigerian bank holders to go through another phase of registration

- The Nigerian government on Friday, September 18, described the earlier message as misleading

- In an official tweet on Friday, it explained that the requirement is only for reportable persons, not necessarily for everyone

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Following outrage and mixed reactions among Nigerians over the call for a re-registration by all bank account holders, the federal government has apologised for the misleading message that conveyed the new requirement.

The federal government on its Twitter page announced on Friday, September 18, that the message is not for all Nigerians but for reportable persons.

The tweet read: “We apologise for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons.

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"The message contained in the @firsNigeria Notice does not apply to everybody. FIRS will issue appropriate clarification shortly.”

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Bank re-registration: FG apologises to Nigerians for misleading tweet
CBN's governor, Godwin Emefiele (Photo credit: Premium Times)
Source: Twitter

Added to this, the government noted that the Federal Inland Revenue Service (FIRS) will give a more detailed clarification on the issue soon.

Earlier, reported that the government had directed Nigerians with accounts in any financial institutions to obtain, complete and submit 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. In the tweet, 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.

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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.

This obviously did not go down well with Nigerians as it quickly sparked outrage. Nigerians wondered why they should be going through a process they have undergone before.

The government must have heard the outcry of the people and made a u-turn, clarifying that it is not applicable to everybody.

Meanwhile, Aliyu Abubakar Aziz, the National Identity Management Commission (NIMC) director-general, had said that only 42 million people have been captured on the National Identity Number (NIN) despite Nigeria’s large population.

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