The Federal Government has dismissed claims that Nigerians’ bank accounts will be blocked or restricted from January 1, 2026, over the non-availability of Tax Identification Numbers (TIN).
In a press release issued on December 12, 2025 obtained by Fintech Insights, the Joint Revenue Board (JRB) clarified that there will be no restrictions on bank accounts or financial transactions based on whether an individual or business has a Tax ID.
The JRB stressed that no deductions will be made from any bank account on the basis of having or not having a TIN, urging Nigerians to remain calm amid rising public concerns triggered by reports surrounding the new tax reforms.
According to the Board, mechanisms have already been put in place to ensure seamless access to Tax IDs nationwide. It explained that Tax IDs will be automatically issued to all taxable individuals using their National Identification Number (NIN), while businesses will receive Tax IDs through their Corporate Affairs Commission (CAC) registration numbers.
“There is no cause for panic,” the JRB said, assuring Nigerians that ongoing measures will guarantee a smooth and efficient Tax ID retrieval and issuance process.
The clarification comes as Nigeria prepares for the implementation of major tax reforms in 2026, following widespread speculation that bank accounts could be frozen for individuals without TINs.
The statement was signed by the Corporate Communications Department of the Joint Revenue Board, reaffirming the government’s commitment to transparency and public reassurance as the reforms approach.
