Persons holding accounts in different financial institutions are required to complete and 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 Income Tax. The self-certification form is in 3 categories:
Form for Entity
For Controlling Person (Individuals having a controlling interest in a legal person, trustee, etc)
Form for individual
Failure to comply with the requirement to administer or execute this form attracts sanctions which may include monetary penalty or inability to operate the account.
For more enquiries visit @firsNigeria website www.firs.gov.ng for more details.