The Federal Inland Revenue Service (FIRS) has refuted claims that Nigerians must obtain a separate Tax Identification Number before they can own or operate a bank account, insisting that the new framework integrates seamlessly with existing national registries such as the National Identification Number and Corporate Affairs Commission records.
This clarification comes amid widespread claims following media reports suggesting that from January 2026, every Nigerian would be required to present a TIN to open or maintain a bank account, a development that generated fears of fresh bureaucratic hurdles for citizens.
Reacting to the controversy, Arabinrin Aderonke Atoyebi, the Technical Assistant on Broadcast Media to the Executive Chairman of FIRS, Zacch Adedeji, elucidated in a post on her official X handle on Saturday that the reports were false.
“In recent debates about Nigeria’s tax reforms, a widespread misconception has taken root: that citizens without a Tax Identification Number (TIN) cannot own or operate a bank account.
“This view, while the reality is that Nigeria’s tax system has evolved to integrate seamlessly with existing national registries, ensuring that every eligible individual or entity is automatically identifiable for tax purposes.
“This article clarifies how the new framework works, drawing from the Federal Inland Revenue Service’s (FIRS) implementation of the National Taxpayer Directory under the Nigeria Tax Administration Act (2025),” parts of her explanation read.
She also explained that the TIN is a 13-digit identifier designed to uniquely capture details of taxable persons and entities across Nigeria.
She continued, “What is a Tax ID? The Tax Identification Number (TIN) is a 13-digit unique identifier for all taxable persons and entities in Nigeria. It encodes details such as issuance year, registry source (NIN for individuals, RC for corporates), state of registration, and a cryptographic fragment for security, ending with a check digit.
“The TIN is not a standalone requirement imposed on citizens. Instead, it’s a statutory tool that ensures every taxpayer, whether an individual, a registered business, or an association, can be uniquely verified within the national tax system.”
Speaking on the integration with national identity systems, Atoyebi stressed that citizens are already tax-compliant once they provide their NIN.
“Tax ID and the National Identity Management Commission (NIMC): For individuals, the TIN is automatically linked to their National Identification Number (NIN) issued by the National Identity Management Commission (NIMC).
“When an individual provides their NIN, such as during bank account opening or Know Your Customer (KYC) processes, the system cross-checks the NIN in the national database. As part of this verification, the TIN is automatically retrieved and attached to the person’s records.
“This means citizens do not need to manually apply for or present a tax ID before opening a bank account. The system handles the integration in real time,” her explanation added.
She also disclosed that businesses are also covered through their CAC registration numbers.
“Tax ID and the Corporate Affairs Commission (CAC): For businesses, the TIN is tied directly to the RC Number issued by the Corporate Affairs Commission (CAC).
“Likewise, for cooperatives, partnerships, professional bodies, and other legal entities, the TIN is connected to their respective recognized registries. This linkage ensures that corporate entities can be transparently identified for both tax & compliance purposes. Just as with individuals, banks and regulators do not require extra documentation beyond the foundational registry numbers to confirm tax status,” she continued.
She emphasized the framework’s overall benefits, arguing that it fosters inclusion, financial access, and fraud prevention.
She added, “Exploring the Benefits of Tax ID:Seamless Banking Access: Individuals and businesses can open and operate bank accounts using their NIN or RC number, with the TIN automatically integrated behind the scenes. Fraud Reduction: The system eliminates duplicate or false identities by ensuring every taxpayer is tied to a verifiable registry.
“Regulatory Compliance: Banks and financial institutions can rely on a single, consent-driven source of truth for onboarding, reporting, and KYC compliance. Inclusivity: Beyond companies, the framework extends coverage to associations, professional bodies, and trustees. Global Compatibility: Nigeria’s tax system can securely interact with international systems for trade finance and compliance.”
According to her, the widespread notion that Nigerians would be barred from banking services without a separate TIN is misplaced.
“The misconception that Nigerians cannot own or operate a bank account without a tax ID overlooks the integrated design of the new TIN system. By linking TINs to existing foundational identifiers such as the NIN and RC Number, the system ensures automatic compliance without creating unnecessary barriers for citizens.
“In practice, this means a Nigerian walking into a bank with their NIN is already tax-compliant. The bank simply retrieves their TIN as part of its onboarding process. Far from being a hurdle, the TIN framework is a gateway to financial inclusion, regulatory transparency, and global interoperability in Nigeria’s evolving digital economy,” Atoyebi concluded.
![Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-450x300.jpg "Odiong: US-based Nigerian Catholic priest convicted over sexual assault")