Finance Bill 2020: Nigerians don’t need TIN to operate bank account – FG
The Presidency has disclosed that the Finance Bill 2022 has not mandated Nigerians to have a Tax Identification Number, TIN, before operating a bank account in the country.
The Finance Bill 2022 is currently before the Senate and House of Representatives.
But, some reports erroneously citing the bill said banks are mandated to ask for customers TIN before opening accounts.
The reports also claimed that existing customers would be required to submit their TIN to allow them continue operating their accounts.