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TIN not needed to operate bank accounts—FIRS

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TIN not needed to operate bank accounts—FIRS

15 Sep, 2025

The Federal Inland Revenue Service (FIRS) has clarified that Nigerians are not required to obtain a separate Tax Identification Number (TIN) before operating or opening bank accounts. The clarification followed widespread reports suggesting that, from January 2026, citizens would need to present a TIN to access banking services—a claim that sparked public concern over the possibility of new bureaucratic hurdles.................READ MORE