IKEDC Clarifies Tax ID Submission Directive for Corporates
The Ikeja Electric Distribution Company (IKEDC) issued a clarification regarding its recent directive for corporate customers to submit Tax Identification Numbers (TIN) and National Identification Numbers (NIN) by February 20, 2023. This requirement is part of compliance with the Nigeria Tax Act 2025, which mandates that invoices issued in the country, including electricity bills, must contain at least one verifiable identification number for tax audit purposes.
IKEDC emphasized that this requirement does not apply to individual residential customers but strictly to business-to-business (B2B) customers, vendors, and strategic partners. The directive aims to enhance compliance with the new tax regulations and improve the Know Your Customer (KYC) and Know Your Business (KYB) risk management processes.
Failure to provide the required information by the deadline may result in power disruptions. The new tax law took effect on January 1, 2026, and the company reassured that the process would not disrupt electricity supply for corporate customers.
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