New Bill Gives Conditions to Nigerians For Opening Bank Accounts in Access, Zenith, Others

New Bill Gives Conditions to Nigerians For Opening Bank Accounts in Access, Zenith, Others …C0NTINUE READING HERE >>>

The National Assembly has proposed a new law to mandate banks and other financial institutions to require a tax to open or operate bank accountsThe law, if passed, will make it mandatory for Nigerians to register for tax IDs before owning or operating bank accountsIt prescribes an N50,000 penalty in the first month for failing to do so and a subsequent fine of N25,000 monthly

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Members of the National Assembly have proposed a new bill to mandate individuals in banking,…

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