A copy of Self-certification forms Federal Government wants you to fill or lose your bank accounts has emerged.
Newsone Nigeria had reported earlier that the Federal Government has ordered all Nigerians holding accounts across financial institutions and insurance firms to complete and submit Self-certification forms.
President Muhammadu Buhari-led federal government announced the decision in a terse statement on the micro-blogging site, Twitter on Thursday evening, September 17.
Buhari government warned that failure to comply may include monetary penalty or inability to operate the account.
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.”
“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.”