For the Records: FG Informs Accounts Holders to Complete Self-Certification Forms


Thursday, September 17, 2020 / 09:56 PM / By FGN / Header Image Credit: @NigeriaGov

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This is to clarify the publication for financial institutions account holders in Nigeria to complete the self-certification form, pursuant to the Income Tax (Common Reporting Standard) Regulations 2019 which is for the fulfilment of Automatic Exchange of Information Requirements.


The news below was generated from tweets from the FG handle shown below; which have now been deleted with an apology (see tweet).

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The information below is only retained for reference and research purposes.




For the Records: FG Informs Accounts Holders in Financial Institutions to Complete Self-Certification Forms

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

Download Here - The Self Certification Forms for Individuals

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