Submit Self Certification Forms

The federal government , led by President Muhammadu Buhari, has directed all individuals holding accounts across financial institutions and insurance firms to complete and submit self-certification forms.

9jatalks learnt that, the Federal Government revealed this in a social media statement on Thursday evening, where it warned that, failure to comply may include a monetary penalty, or inability to operate the account.

The federal government said, the certification forms would be in 3 categories, which are “Form for Entity – For Controlling Person (Individuals having a controlling interest in a legal person, trustee, etc) – Form for individual”.

FG Tells Nigerians To Fill, Submit Self Certification Forms or Lose Bank Accounts

The statement reads as thus; “INFORMATION: 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.”

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