Breaking News
Breaking News: No Tax Identification Number ( TIN ), No Bank Account Use – Federal Government Says
The federal government has said every taxable Nigerian must have a Tax Identification or Taxpayer Identification Number to operate bank accounts in the country as new tax reforms begin on January 1, 2026.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Taiwo Oyedele, disclosed this in an interview he posted on his X account on Thursday.
He explained that Section 4 of the Nigerian Tax Administration Act, to be implemented on January 1, 2026, makes it mandatory for taxable persons to have a tax ID.
He, however, said that students and dependents are exempt from having a tax ID for an operating bank account.
Oyedele stressed that the policy has been in place since the Finance Act of 2020, but the NTAA provides a legal framework for its implementation.
He added that income earners, including businesses with existing TINs, do not need a new tax ID.
“Yes, but with some exemptions. A section of the NTAA requires a taxable person to register and obtain a tax ID.
“A taxable person is anyone who earns income through trade, business, or any economic activity. So banks must request a tax ID from taxable persons. This means that individuals who do not earn an income, such as students and dependents, do not need to obtain a tax ID.
“Any taxable entity without a tax ID may have difficulty running their bank account in the near future,” he said in the interview.
This comes amid fears from Nigerians that their bank accounts without a tax ID may be restricted.
Recall that in June 2025 President Bola Ahmed signed into law new tax laws to be implemented in January 2026.
Entertainment
Morocco Winners of AFCON 2025, Strips Senegal of Title
The Confederation of African Football (CAF) has announced Morocco as winners of the 2025 Africa Cup of Nations.
The CAF Appeal Board ruled in favour of Morocco, declaring that Senegal forfeited the AFCON final by walking off the field during the game.
Morocco were awarded a 3–0 walkover victory.
This decision upholds Morocco’s appeal following the chaotic events in the match.
DAILY POST recalls that the Senegal team briefly walked off the pitch in protest after a controversial penalty was awarded to Morocco late in regulation time.
They were called back to the field by their captain, Sadio Mané, and later won the game 1–0.
CAF determined that this action constituted a violation of Article 84, or the equivalent regulations concerning refusal to play or abandoning the field.
Under AFCON rules, a team that refuses to continue playing or leaves the field without authorization faces elimination and forfeiture of the match.
Breaking News
BREAKING NEWS: 3 security Agent Slump During Soludo’s 2nd Term Inauguration
A total of three operatives of different security agencies in Anambra State collapsed during the inauguration of Anambra State Governor, Prof Chukwuma Soludo, on Tuesday.
The incident happened during the parade at the Dr Alex Ekwueme Square in Awka.
The three operatives are one male police operative, another male operative of the Directorate of State Services (DSS) and a female operative of the Nigeria Security and Civil Defence Corps, NSCDC.
The police operative collapsed first, followed by the NSCDC operative, who slumped towards the end of the event and was later escorted to an ambulance, after she refused to be moved in a stretcher.
A source said the police operative was later resuscitated, but was still not stable, and was taken in an ambulance to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital, Amaku Awka.
The collapse of the service officers was attributed to fatigue and the long period of parade under harsh sunny weather.
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