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FG apologizes, says Self-Certification directive is not for everyone

The Federal Government has made clarifications concerning earlier announced Self-Certification Forms.

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FG apologizes, says Self-Certification directive is not for everyone, FIRS introduces stamp duty on house rent and C of O transactions

The Nigerian government has backtracked on its earlier issued guidelines on the new banking Self-Certification Forms, saying the notice does not apply to everyone.

On Thursday, the Nigerian government ordered all persons holding accounts across financial institutions and insurance firms, to complete and submit self-certification forms to their respective financial institutions.

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It stated, “This is to notify the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc.) are required to obtain, complete, and submit Self – Certification Forms to their respective Financial Institutions. Persons holding accounts in different financial institutions are required to complete & submit the form to each one of the institutions. The forms are required by the relevant financial institutions to carry out due diligence procedures, in line with the Income Tax Regulations 2019.”

However, on Friday morning, after receiving expected backlash on social media, FG attempted a clarification stating, “We apologize for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons,” and that, “the FIRS will clarify Nigerians on the objectives of the directive.”

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READ: CBN automates trading system, introduces electronic form to facilitate exports 

The FIRS earlier today made a statement, that the guidelines are only for non-residents, and people paying tax in more than one country.

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READ: Tax implication of IFRS adoption in Nigeria: key issues

“The Self Certification Form is basically to be administered on Reportable persons, holding accounts in Financial institutions, that are regarded as “Reportable Financial Institutions” under the CRS. Reportable persons are often non-residents and other persons, who have residence for tax purposes in more than one jurisdiction or Country.”

“The information that indicates an account holder is a resident for tax purposes in more than one jurisdiction, is expected to be available to Financial Institutions during account opening processes, for the KYC and AML purpose.” the statement read.

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#EndSARS: NCAA denies alleged shut down of airspace, as Turkish Airlines takes off tonight

FAAN has reportedly shut down the air space of the nation due to alleged unrest in the country.

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Murtala Muhammed Airport (MMA), FAAN recruitment, FAAN in recruitment scandal as politicians takeover, Federal Airports Authority of Nigeria, 2019: Lagos airport records growth in passenger, aircraft and cargo movement  

The Nigerian Civil Aviation Authority (NCAA) has denied the alledged shut of the nation’s airspace due to the unrest, arising from the hijacked #EndSARS protests in Lagos, Abuja, and some other states in the country.

Though, the authority has not issued an official statement on the development, a source in the apex regulatory body told Nairametrics that the airspace remains open in Lagos and Abuja.

He said, “It is not true that the airspace is shut as rumoured on some social media platforms. Turkish Airline is attending to its passengers at the moment and the flight is tonight. So, where is the airspace being shut coming from.

“Delta Airline decided to divert the Lagos bound flight to Dakar, Senegal before going back to New York not because our airspace is shut but its Lagos office informed the Pilot that there is curfew in Lagos. Expectedly, American airlines are so sensitive to issues like that.”

Back story: A Twitter user, Osasu Onayiuwana, whose friend is one of Delta Air passengers en-route Lagos from Atlanta, USA, had alleged that Delta Airline returned ti New York because Nigerian air space was shut.

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He tweeted, “A friend returning to Lagos, from Atlanta on @Delta has been informed, during their Dakar, Senegal stopover, that @Nigeria’s airspace has been closed. They are now flying back to Atlanta!

“Actually, his plane is currently on the way to New York, from Dakar. Before this, some passengers asked @Delta to allow them to find their way to Lagos from Dakar. Understandably, the airline refused.”

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Update: US embassy shuts down consulate in Lagos over violent #EndSARS protests

The US Embassy in Nigeria has announced closure following violent clashes in many parts of the country.

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The United States embassy and consulate in Nigeria, has announced the shutting down of its consulate in Lagos State for two days with effect from Tuesday, October 20, 2020, due to the ongoing nationwide #EndSARS protest which has been hijacked by hoodlums, with several properties destroyed and lives lost.

This was disclosed in a statement to American citizens, issued by the US embassy and consulate in Nigeria, on Tuesday, October 20, 2020.

This is also coming after the Lagos State Government declared a 24-hour curfew due to the outbreak of violence across the state during the protests.

The US embassy and consulate in its statement said,

Multiple demonstrations are ongoing across Nigeria – to include areas within the consular districts of Abuja and Lagos. Although most demonstrations are peaceful, some have become violent and have shut down major thoroughfares and bridges.

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“Some police stations have been targeted. Lagos State closed all schools indefinitely as of October 19, due to protests and implemented a 24-hour curfew starting at 4:00 p.m. on October 20. Consulate General Lagos is closed for the rest of today and tomorrow.”

In the statement, the US embassy advised all its citizens in Nigeria to avoid areas around protests and demonstrations, check local media for updates and traffic advisories, continue to be vigilant and avoid areas affected by the protests.

It also urged their citizens to take the following actions, avoid the areas of the demonstration(s), exercise caution if unexpectedly in the vicinity of large gatherings or protests, keep a low profile, be aware of their surroundings, monitor local media for updates and review the travel advisory for Nigeria.

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Soldiers fire gunshots to disperse #EndSars protesters.

Soldiers have reportedly shot at #EndSARS protesters gathered at the Lekki toll gate.

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Several social media accounts reveal peaceful protesters are being shot at by the military at the Lekki toll gate holdout for the #EndSars protest.

Reports seen online indicate several protesters shot were been treated on the roadside by fellow protesters. Nairametrics cannot verify the authenticity of the videos.

However, in one video seen, a protester who was reportedly shot in the leg was being treated by protesters after bullets were removed.

In another gripping image that has perhaps captured the image of these protests, one of the protesters was seen covered in blood while the flag was used to reduce the bleeding apparently from an injury.

A curfew was imposed by the Lagos State Government earlier in the day starting from 4pm but was later moved to 9pm today. However, the protesters were defiant choosing to continue the protest until their demands are met.

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The videos show protesters defiant as several rounds were being shot. The shooting came on the back of the protesters refusing to leave the Lekki toll gate after the State Governor, Babajide Sanwo-Olu declared a 24 hours curfew in the state from 4pm today.

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