Nigerians attack Federal Government over Self-Certification request

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Recently, the Federal Government of Nigeria released an update requesting that all account holders in Nigeria obtain self-certification from their financial institutions.

The update reads 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

“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 (http://firs.gov.ng) for more details.”

Nigerians have however come in direct attack at the federal government for what appears like a deliberate attempt to frustrate Nigerians. Here are some of the tweets;

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Micheal Ace

About the Author: Micheal Ace

Simply Ace, Founding Editor & CEO of ACEworld Publishers. I'm obsessed with growth. Join me on Twitter .

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