Nigerian Bank to Restrict Accounts Without Tax ID from 2026

Fidel PLC will restrict accounts not linked to the National Identification Number (NIN) from January 1, 2026, as per the Nigerian Tax Administration Act 2025. Customers are urged to update their account details promptly to avoid service disruptions.

The move aligns with stricter tax compliance measures, with Taiwo Oyedel confirming the legal framework for comprehensive compliance. The new law will require taxable individuals to obtain a Tax Identification Number (TIN) to track taxable activities efficiently.