FG debunks tweet directing Nigerians with bank accounts to obtain, complete and submit Self – Certification forms

FIRS statement directing 'reportable persons' to obtain, complete and submit Self-Certification forms to 'Reportable Financial Institutions'
FIRS statement directing ‘reportable persons’ to obtain, complete and submit Self-Certification forms to ‘Reportable Financial Institutions’.

The Federal Government of Nigeria yesterday released a directive (Now deleted), mandating Nigerians who hold accounts in financial institutions including banks and insurance companies to obtain, complete and submit Self – Certification forms to their respective Financial Institution.

The misleading tweet was published by the Federal Government via the verified twitter handle @NigeriaGov on Thursday, 17/09/2020 at 5:42 pm. The tweet also implied possible penalty in form of fines and account restriction for defaulters. The statement read thus:

Nigerian bank account holders to obtain, complete and submit Self-Certification forms to financial institutions
Nigerian bank account holders to obtain, complete and submit Self-Certification forms to financial institutions.

However, the news was greeted with mass outrage by Nigerians especially users of the micro-blog ‘Twitter’, who took to the comments to express disappointment at the sudden need for Self-Certification forms despite having BVN, Voter’s card, National Id cards, Driver’s License etc.

The FG @NigeriaGov has now issued a new statement today at 1:55am via Twitter, debunking the earlier announcement directing every Nigerian bank account holder to obtain Self-Certification forms from their respective financial institutions.

The statement reads thus:

“We apologize for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons. The message contained in the @firsNigeria Notice does not apply to everybody. FIRS will issue appropriate clarification shortly”

In essence, the latest press statement relayed by the FG clarifies that the directive concerns only Nigerians who reside abroad (Non-residents) and those with tax residence in more than one country. And according to information obtained from the Federal Internal Revenue Service (FIRS), the relevant financial institutions and involved stakeholders have been adequately sensitised.

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Author: Juliet Jonathan

Hey there, My name is Juliet Jonathan. I am an O&P graduate, social media manager, creative writer for Right-Vision Premium Consulting Ltd. I am your favourite personal finance coach because I love to talk about money, investments and whatnot. Please stay tuned as I bring you up to date with all you need to know about money matters; personal finance hacks, budgetting, finance trends & investment. You can reach me via e-mail: julietjonathan995@gmail.com, Thanks for reading the blog!

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