Nigeria's Oyedel Dispels Bank Account Freezing Rumors Amid Tax Reforms

Oyedel, in response to concerns over bank account freezing under the Tinubu government, clarified that no automatic deductions or account freezes are authorized by the new tax law set to take effect in 2026. He urged Nigerians to verify information from official government sources and ignore unverified claims circulating on social media.

The reforms aim to enhance Nigeria's fiscal system and promote transparency. Oyedel emphasized that the new tax law strengthens existing frameworks without introducing punitive measures.

The government seeks to improve tax efficiency and fairness while combating misinformation.