Nigerians attack Buhari over government’s new banking rules

President Muhammadu government has come under attack over the compulsory registration of self-certification forms.

The Buhari-led federal government had on Thursday ordered that all Nigerians with account holders in any financial institution must obtain, complete and submit Self–Certification Forms.

The forms are required by the relevant financial institutions to do due diligence processes in line with the Income Tax Regulations 2019.

The federal government of Nigeria announced that failure to adhere to this instruction will attract sanctions, which may include monetary penalty or inability to operate the account.

This development has led to criticisms from Nigerians on Twitter, accusing the government of always making life difficult for its citizens.

Some Nigerians queried the importance of BVN and National ID card, if every account holder needs to fill out a self certification form in the midst of fighting coronavirus.

See Nigerians reactions below…

Na you do National ID card, na you do SIM registration, you even did Bank Verification Number to align accounts but you are here again talking “Self-Certification. Even if you are confused about running government, can you at least pretend not to be confused?

— JJ. Omojuwa (@Omojuwa) September 17, 2020

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. https://t.co/2H6Hedbnv3

— Federal Inland Revenue Service NG (@firsNigeria) September 18, 2020

The Federal Government of Nigeria has directed Nigerians with accounts in any financial institutions to obtain, complete and submit Self – Certification Forms to their respective financial institutions. https://t.co/K9zZAv3FU8

— Vanguard Newspapers (@vanguardngrnews) September 17, 2020

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The Federal Government of Nigeria has directed Nigerians with accounts in any financial institutions to obtain, complete and submit Self – Certification Forms to their respective financial institutions. https://t.co/K9zZAv3FU8

— Vanguard Newspapers (@vanguardngrnews) September 17, 2020

I think Nigerian Govt Agencies intentionally make things hard for people.

Dem say na “Go to the bank and collect form” ? for data that will still be punched electronically?

— Who be that guy (Streaming on all platforms now) (@O_Gbemiro) September 17, 2020

Some of you would call someone and be asking in disappointment , ‘’so you didn’t save my number ?’’,
Can you see now that even Federal Government of Nigeria didn’t save our BVN?
Who formed you?

— Kikelomo sowore (@KikelomoSowore) September 18, 2020

The scariest thing is that some of these "policies" further validates the fear of the unbanked population and their sentiments towards anything that has to do with bank. Cos most of them would be like "How much I get to go through this stress just to put money inside bank".

— Adewale Adetona (@iSlimfit) September 17, 2020

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"Buhari has reduced Nigerians to his level,even Profs and SANs are behaving like illiterates"

~Sule Lamido

— Oke Umurhohwo (@OkeStalyf) September 17, 2020

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