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Nigerians express outrage as FG announces on Twitter that all bank account owners are to undergo compulsory registration exercise different from BVN


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

The Nigerian Government said each individual must perform this registration altogether the varied financial institutions where they need accounts.

The announcement reads: "All account holders in Financial Institutions (Banks, Insurance Companies, etc) are required to get , 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 tax Regulations 2019.

The FG added that "failure to suits the requirement to administer or execute this form attracts sanctions which may include monetary penalty or inability to control the account.

This announcement angered Nigerians and they responded, expressing their outrage.

Chinedu Ekeke wrote: "You guys are mad! I repeat: you guys are mad!!!"

@ThuggaGram_ wrote: "Notifying the overall public on Twitter? Can't the president begin and have a Q&A session with the press live on the usefulness of this? Majority of Nigerians aren't on Twitter."

@rmzyville wrote: "What is the essence of BVN?

Below are more reactions to the present announcement




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