Who is a Non-Resident in Nigeria for the Banking Self-Certification Form?

Who is a Non-Resident in Nigeria for the Banking Self-Certification Form?

Many questions after I posted Nigeria’s self-certification form for bank deposits. Many have asked “who is a non-resident in Nigeria?” People, that is a very hard question which naturally should not be. I will attempt it, not legally, but operationally.

You can download the form here – a copy of the self-certification form (pdf). As you can see, the government is not deceiving anyone. This is just a pure class of communication mistake. The form is clearly written “non-resident” which means it does not apply to Nigerians. They sent a copy to us to assuage Nigerians who are already running to withdraw money from their bank accounts. Please this is under control – government is not coming after your deposit. Hope we learn from this as a nation. If this is not well managed, some banks could have issues. Share with others.

On that form, Non-Residents should be seen as Non-Nigerians who have financial relationships in other countries. It would have meant anyone not living full time in Nigeria as they have in the U.S. and other advanced nations but the problem here is that Nigeria does not have data to know that a Nigerian who lives in US but visiting and operating an account in GTBank with his Nigerian PASSPORT is non-resident.

The bank will assume the person is a resident citizen. And because most diasporas open these accounts with their Nigerian passports, differentiating becomes hard. So, at the end, the non-residents will apply MAINLY to non-Nigerian passport holders.

Registration for Tekedia Mini-MBA edition 9 (Sep 12 – Dec 3 2022) is ongoingRegister here. Cost is N60,000 or $140 for the 12-week program. Beat early bird for free books and other bonuses. 

Sure, there are Nigerians who run diaspora bank accounts. I do not think that is the target here since the government expects the affected people to go to their banks to complete the forms. Possibly, they would be verified with BVN. You will not expect someone to leave London to travel to Lagos to do that! https://www.tekedia.com/a-copy-of-the-nigerias-self-certification-form-individual/#comment-50261

The tax agency clarifies.

---

#1. Advance your career, run your business better with Tekedia Mini-MBA (Sep 12 – Dec 3, 2022): cost is N60,000 naira ($140). Click and register here.

#2. Click here and register for Tekedia Startup Masterclass and master business secrets from start-up to unicorn. Cost is N180,000 naira ($400).

#3. Click here to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with small investment.


Share this post

One thought on “Who is a Non-Resident in Nigeria for the Banking Self-Certification Form?

  1. We still have massive deficit when it comes to communication in this country, ambiguity is our second name.

    Government will issue press releases, citizens will be scrambling for most appropriate interpretation to a supposed official communication from a government institution.

    Even with army of PR gurus and sprawling list of spokespeople, we still can’t communicate in ways ordinary people can easily comprehend; that’s Nigeria for you.

    Ambiguity over simplicity, anytime, any day.

    Reply

Post Comment