All Accounts Holders in Financial Institutions Must Complete Self-Certification Forms – FG

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The Federal Government of Nigeria has informed all account holders in financial institutions to fill out self-certification forms and submit to their respective Financial Institutions.

The announcement which was made via the official Twitter handle of the Federal government of Nigeria 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 three (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 FIRS’ website”

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