Self-Certification is a new directive from the Federal Government requiring Nigerians to submit self-certification forms at their various banks.
According to information made public by the Federal Government of Nigeria on its official Twitter handle yesterday, It reads
“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 & 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 (https://t.co/lv3VYV5wD4) for more details.”
Nigerians feel the new directives and financial policy of the government is nothing but a waste of time and an avenue to further tax the populace has blasted the government.
Nigerians have also come out en mass to reject the new policy and many have tagged it a draconian policy and directives.
See Reactions to the government Self-Certification directives
What stops banks from sending their customers links through their mails or mobile number to complete the forms? This is Nigeria, everything must reflect the brutish and nasty life the govt subjects the people too.
Shey na fight? Sometimes you honestly can’t help but agree with those who say this gov’t don’t have mercy & consideration for the poor, how much I dey get that you’re threatening me with sanction over tax I’m already paying thru my nose for corrupt officials to embezzle.
What was all the stress for BVN, if you can’t connect needed information from BVN?
Duplicity is a sign of ineptitude, inefficiency, wastage(time and funds). Please fold shop, if you want to take us on the merry-go-round again.
#Enough of duplicity and wastage.
Can’t the forms be online on various bank websites? Is it a must we must go to their various places, at this pandemic period. It is not a wise decision. Everything must be online and also be done in banks for people that don’t have access to internet facilities.
As per this balderdash called information, you guys are playing with fire, I swear! Stop Nigerians’ bank accounts cuz of one useless FIRS unwarranted policies on d citizens at this crucial time?. God wan punish una!
We understand that the revenue from international oil sales may have dwindled. But what’s the rationale behind physical documentation of accounts after our BVN?. Are we not being asked the same question from different banks we deal with?. Right in the middle of a global pandemic.
Why do we have BVN? Cluelessness does not have another definition. How do they expect over N100m to visit various banks for can be obtained stress-free with BVN. they just want to push the populace down Golgotha. A dog that will get missing will not hear the hunter’s whistle.
Are you people, okay this @APCNigeria Govt will not kill us give us on good reasons why Hy u need to take from the little we have haven’t u taken enough u want to collect from d little we have nd kill a person with stress abi
Na you do National ID card, na you do SIM registration, you even did Bank Verification Number to align accounts but you are here again talking “Self-Certification. Even if you are confused about running the government, can you at least pretend not to be confused?
This new self-certification directives as truly show the buhari Government insensitiveness to the plight of the people because no responsible government would ask its citizens to go and form crowds in banks in the middle of a pandemic.