The Joint Income Board (JRB) has clarified that Nigerians is not going to face any restrictions on bank accounts or monetary transactions from January 1, 2026, over the provision or non-availability of a Tax Identification quantity (Tax ID).
In a press release issued on Friday, the JRB mentioned there shall be no account limitations, freezes, or transaction obstacles linked to Tax ID compliance, countering issues circulating in public house about doable monetary restrictions tied to the tax identification framework.
The Board additionally acknowledged that no deductions shall be comprised of any bank account on the premise of whether or not a person or enterprise has obtained a Tax ID. Based on the JRB, banking operations will proceed usually no matter Tax ID standing.
As a part of its ongoing tax administration reforms, the JRB defined that Tax IDs shall be mechanically issued to all taxable individuals.
For people, the Tax ID shall be generated utilizing the Nationwide Identification Quantity (NIN), whereas companies will obtain their Tax ID via their Company Affairs Fee (CAC) registration numbers.
The clarification comes amid heightened public concern forward of the 2026 implementation timeline, with the JRB stressing that sufficient methods are being put in place to make sure clean entry and retrieval of Tax IDs with out disruption to monetary actions.
The Board urged Nigerians to stay calm, noting that the initiative is geared toward enhancing tax administration effectivity somewhat than imposing punitive measures on account holders.
The clarification was signed by the Company Communications Division of the Joint Income Board and dated December 12, 2025.
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