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Bank accounts don’t require separate tax ID, FIRS clarifies

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The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians without a Tax Identification Number (TIN) cannot open or operate bank accounts, describing it as a widespread misconception.

According to Arabinrin Aderonke Atoyebi, the technical assistant on broadcast media to the FIRS executive chairman, Zacch Adedeji, explained that the country’s tax framework has been redesigned to integrate seamlessly with existing national registries.

She said this ensures that every individual or entity is automatically identifiable for tax purposes without imposing new hurdles.

Atoyebi explained: “The Tax Identification Number is a 13-digit unique code assigned to all taxable persons and entities in Nigeria. It encodes information such as issuance year, registry source (NIN for individuals, RC Number for corporates), state of registration, and a security fragment.

“Far from being a separate requirement, the TIN functions as a statutory tool that enables the FIRS to uniquely verify taxpayers across the country.”

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She added that for individuals, the TIN is automatically linked to the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC).

Atoyebi noted that when a customer provides a NIN to open a bank account or for Know Your Customer (KYC) checks, the system cross-checks the database and retrieves the TIN in real time.

She further stressed, “Similarly, for businesses, the TIN is tied to the RC Number issued by the Corporate Affairs Commission (CAC). Partnerships, cooperatives, and professional associations also have their TINs linked to their respective recognised registries.

“This design means that neither individuals nor businesses need to present or apply separately for a tax ID before accessing financial services.”

She highlighted that the benefits of the new framework included, “Seamless Banking: Citizens can open accounts with their NIN or RC Number, while the TIN is integrated automatically.

“Fraud Prevention: Duplicate and false identities are reduced since each taxpayer is linked to a verified registry.

“Regulatory Confidence: Banks and regulators can rely on a single verified source for KYC and reporting.

“Inclusivity: Coverage extends beyond individuals and companies to associations and trustees.

“Global linkages: The system is designed to interact with international financial and compliance platforms.”

While clearing the misconception about the new framework, she said the notion that Nigerians cannot operate bank accounts without presenting a tax ID is unfounded.

She added, “By embedding TINs into existing national databases, the system guarantees automatic compliance.

“In practice, anyone presenting their NIN at a bank is already tax-compliant—the bank retrieves the TIN during onboarding. Rather than a barrier, the TIN framework is positioned as a gateway to financial inclusion, transparency, and global compatibility in Nigeria’s growing digital economy.”

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2027: Why I wont attend every campaign rally – Tinubu

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President Bola Tinubu has explained why he will not accompany members of the All Progressives Congress (APC) Presidential Campaign Council to every campaign event ahead of the 2027 general election, saying he must balance the demands of the re-election campaign with the responsibilities of governance.

Tinubu spoke on Wednesday in Abuja during the inauguration of the APC Presidential Campaign Council, where he charged members to take the party’s message to Nigerians across the states and local government areas while he concentrated on running the country.

The President said he agreed with concerns that the rigours of campaigning should not distract him from governance, insisting that Nigeria required his attention at a time when the administration was managing economic responsibilities and international financial obligations.

“You’ve warned me not to allow the rigour of the campaign to distract me from governance, I hear you. I am in full agreement with your decision. Nigeria needs more attention now,” he said.

Explaining further, Tinubu asked campaign council members to excuse him from attending every campaign event, pointing to the need to meet the country’s financial obligations.

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“So, you will excuse me from going everywhere with you, we have bills to pay. The American creditors cannot wait,” the President said.

He also emphasised the importance of attracting investors willing to make long-term commitments to Nigeria, arguing that investment was necessary to secure a better future for the country’s children.

“We want those investors to come in, be here to stay, to invest for the future of our children,” he said.

Tinubu, however, assured Nigerians that his decision not to attend every campaign event would not prevent him from engaging directly with voters.

“However, I will still make time to speak directly with Nigerians, even as you lead the campaign in the states and local government areas,” he added.

Describing the inauguration as more than a routine political gathering, the President said the council represented a renewed commitment to Nigerians and the responsibilities entrusted to the APC as the governing party.

“We have not gathered merely to inaugurate a council. We have gathered to renew a covenant. A covenant with Nigerian people and the historic responsibility they have entrusted to us as Nigeria’s governing party,” he said.

He charged council members to communicate the administration’s vision, record and agenda to Nigerians nationwide, expressing confidence in their ability to take the party’s message to every ward.

“This council will carry our vision, our records and our agenda to every Nigerian, and it will carry them to victory every ward of this country,” Tinubu said.

The President also commended APC members for successfully completing the party’s congresses, recalling predictions that the exercise would trigger an internal crisis.

According to him, the party had overcome the challenges and emerged united, with members participating in the process from the ward level to the national leadership.

“They said there will be implosion. We passed through it. We did not fail. You didn’t let us down. We got here together,” he said.

Tinubu’s remarks place governance and economic management at the centre of his stated approach to the coming campaign, while assigning the campaign council the responsibility of coordinating the party’s nationwide mobilisation ahead of the 2027 election.

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EFCC probes Atiku over alleged corruption committed as Vice President

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Former Vice-President Atiku Abubakar
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The Economic and Financial Crimes Commission (EFCC) has reopened an investigation into allegations involving former Vice-President Atiku Abubakar following a petition by a former member of the House of Representatives, Hon. Ehiozuwa Johnson Agbonayinma.

The commission acknowledged receipt of the petition, dated August 27, 2026, and received on September 1, 2026, confirming that investigation has commenced.

The former lawmaker through his lawyer, Chief Hannibal Uwaifo (SAN), is seeking a review of the allegations arising from an earlier investigation involving the former vice-president.

As part of the process, the EFCC invited Agbonayinma to its headquarters in Jabi, Abuja, on October 12, where he adopted his petition and responded to questions from investigators.

He arrived at about 9:58 a.m. and left at approximately 4:07 p.m. after the interview.

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The commission’s acknowledgement letter, referenced CR:3000/EFCC/HQ/SDC-2/VOL.3/398, forms part of the ongoing investigative process.

He told newsmen that his petition sought to revisit an investigation conducted by the former EFCC chairman, Mallam Nuhu Ribadu, involving Atiku.

He argued that the matter deserved renewed attention in the interest of accountability and the rule of law.

“I want to thank Nigerians, the EFCC and those praying for me in this struggle. The laws are meant for both the rich and the poor. After the EFCC has done a fantastic job, it should not be kept under the table,” he said.

Agbonayinma added that he considered reporting alleged wrongdoing a constitutional responsibility, insisting that nobody was above the law.

He also disclosed that he had written a petition on the matter to United States President Donald Trump, calling for attention to the allegations.

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‘Anyone who attempts suicide and fails will go to jail,’ says Akpabio

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Senate passes 2024 budget, raises appropriation by N1.2tn
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The Senate has passed, for second reading, a bill seeking to establish a national framework for suicide prevention, decriminalise attempted suicide and provide rehabilitation for survivors, despite opposition from Senate President Godswill Akpabio, who insists that the act should remain punishable by imprisonment.

Sponsored by Senator Asuquo Ekpenyong, representing Cross River South, the bill seeks to address what he described as a contradiction in Nigeria’s laws.

Ekpenyong argued that while the National Mental Health Act recognises attempted suicide as a psychiatric emergency requiring treatment, Section 327 of the Criminal Code and Section 231 of the Penal Code still criminalise the act.

He said decriminalisation without accessible care would be incomplete, stressing that suicide has complex causes and requires a humane, health-focused response.

“At the heart of this bill is a simple question: when a Nigerian survives a suicide attempt, should the first response of the state be prosecution or protection?” he asked.

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The senator said criminalisation discourages people from seeking help, forces families to conceal suicide attempts and contributes to poor data on the problem.

He warned that continued punishment could create a situation in which people experiencing distress feel compelled to ensure their attempts are fatal to avoid prosecution.

The bill proposes replacing imprisonment with mandatory assessment, referral, treatment and follow-up support. It also provides for crisis helplines, training for police officers, teachers and health workers, public education and a national data system for suicide prevention.

However, Akpabio maintained that attempted suicide should remain a criminal offence, arguing that removing the penalties could encourage the act.

“If you attempt suicide, make sure you die. Anyone who attempts and fails will go to jail,” the Senate President said.

Akpabio added that the issue involves both the Criminal Code and the Penal Code, requiring input from State Houses of Assembly during a public hearing to avoid legal conflicts.

The bill has been referred to the Senate Committees on Judiciary and Health for further legislative action and a public hearing.

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