FIRS Debunks TIN-for-Bank-Accounts Rumor, Clarifies NIN and CAC Already Integrated

The Federal Inland Revenue Service (FIRS) has firmly dismissed reports suggesting that Nigerians will be required to obtain a separate Tax Identification Number (TIN) before they can open or operate bank accounts.

In a detailed clarification, the agency emphasized that there are no new bureaucratic hurdles for individuals or businesses. The ongoing integration framework, it explained, is designed to simplify tax compliance and financial transactions by leveraging existing national identity systems.

Public Concerns Sparked by Misleading Reports

Speculation spread last week that, starting from January 2026, Nigerians might be compelled to present a TIN in order to open or maintain bank accounts. The rumor quickly fueled concerns about fresh layers of red tape in the financial system, raising fears that ordinary citizens would face unnecessary stress in accessing banking services.

FIRS Sets the Record Straight

Addressing the reports, Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to FIRS Chairman, Zacch Adedeji, described the claims as misleading. She clarified that the TIN is not an additional document Nigerians must struggle to obtain but a statutory identifier that already works seamlessly within the system.

“The TIN is not a separate requirement. It is simply the tool used to uniquely identify taxpayers within Nigeria’s tax system—whether individuals, businesses, or associations,” Atoyebi explained.

How the Integration Works

According to her, individuals who already possess a National Identification Number (NIN) are automatically tax-compliant. The system links the NIN with a TIN during processes such as bank account opening and Know Your Customer (KYC) checks. This means there is no need for citizens to manually apply for or present a TIN to banks.

For registered businesses, Atoyebi noted that their Corporate Affairs Commission (CAC) registration numbers are already connected to their tax profiles, ensuring a smooth compliance process.

Clearing the Air

“The narrative that Nigerians must start running around for a new TIN before they can use their bank accounts is not correct,” Atoyebi stressed.

She further assured Nigerians that the integration is part of the government’s drive toward ease of doing business, financial inclusion, and a simplified tax administration system that avoids duplication of requirements.

Broader Implications

By linking existing identifiers like the NIN and CAC registration numbers with the tax system, the government aims to strengthen transparency, improve compliance, and enhance revenue collection without creating unnecessary bottlenecks for citizens and businesses.

The FIRS urged the public to rely on official channels for information and avoid being misled by unverified reports.

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