Nigeria: Clarifies Tax ID Rules For Bank Accounts Nationwide
December 27, 2025
1:22 pm
Federal tax reform panel launches ‘Fact Not Fear’ campaign, as officials say personal accounts will not be frozen or debited in 2026 without tax IDs.
Nigeria’s Federal Government has moved to calm public anxiety over tax policy, clarifying that individual bank accounts will not be frozen or automatically debited for lacking a Tax Identification Number, known as a TIN.
The explanation follows days of online speculation and claims suggesting that new tax laws would trigger penalties on personal bank accounts beginning in January 2026. Officials say those claims are inaccurate and risk undermining confidence.
The clarification was issued by the …
