Mr Subair stated, “Employers must prioritise the timely filing of their annual income tax returns.”
The clarification came after an earlier warning from the bank on December 15.
“Any taxable entity without a tax ID may have difficulty running their bank account in the near future,” Mr Oyedele stated.
President Bola Tinubu on June 26 signed four tax reform bills into law, which would be effective from January 1, 2026.
The Katsina government says it generated N1.85 billion as internally generated revenue in July.
If implemented by commercial banks, this development will see Nigerians add their social media accounts to their bank details.
