A new bill requires individuals to have a tax ID when opening a bank account or using an existing one.

A new bill in Nigeria proposes making it mandatory for individuals in financial services to provide a Tax Identification Number (TIN) before opening or operating accounts. The proposed legislation, titled “A Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States, and Local Governments;…

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