Tag Archives: account

Finance Bill doesn’t mandate Nigerians to have TIN before opening bank account- Presidency

The office of the President has disclosed that the Finance Bill 2022 doesn’t mandate Nigerians to have a Tax Identification Number, TIN, before operating a bank account in the country. It should be noted that the Finance Bill 2022 is currently before the Senate and House of Representatives. It should be noted that there are reports  citing the bill said ...

Read More »

Blacklisted individuals may be barred from accessing loans, other financial services- CBN

The apex bank, Central Bank of Nigeria (CBN) has stated that individuals under its watchlist may be barred from entering a new relationship with any participant (banks) and accessing loans. The CBN disclosed in its Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the Nigerian Banking Industry signed by Mr Musa Jimoh, Director, Payments System Management ...

Read More »

House of Representatives grills Polaris Bank MD over NNPC’s account

The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, on Thursday, grilled the Acting Managing Director, Polaris Bank Limited, Innocent Ike, over an account belonging to the Nigerian National Petroleum Corporation. Over ...

Read More »