FG Apologizes to Nigerians for Misleading Tweet on Thursday

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The Federal Government has apologised for Thursday’s “misleading tweets” directing account holders in the country’s financial institutions to register their details again.

The government tweeted on Friday, saying the completion of self-certification forms was not for everyone.

“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,” the tweet read.

FG on Thursday

The Federal Government of Nigeria took to Twitter on Thursday to inform citizens that all account holders in financial Institutions are to undergo another compulsory registration exercise different from BVN.

The announcement reads: “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 FG added, “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.”

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