Nigerian bank to restrict customers accounts without two requirements

News Update

Fidelity Bank Plc has announced that it will begin placing limits on bank accounts that are not connected to a Tax Identification Number or National Identity Number from January 1, 2026.

The notice was sent to customers on Monday, December 15, 2025.

The bank explained that the decision follows the Nigerian Tax

Customers who do not have a tax ID are expected to connect their accounts with their National Identity Number instead.

Fidelity Bank warned that accounts lacking either requirement may no longer be allowed to carry out transactions once the new rule takes effect.

The bank advised customers to update their account records early to avoid any disruption.

It said linking the correct identification details will ensure continued access to banking services beyond the deadline.

This move comes after the federal government set a clear timeline to enforce stricter tax rules across the banking system.

From 2026, banks will be required to request tax IDs from Nigerians who earn income and operate bank accounts.

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, recently confirmed the policy shift.

He explained that the law covers anyone who earns income from business, trade, or other economic activities and makes it compulsory for such persons to register and obtain a tax ID.

He added that while a similar policy existed under the 2020 Finance Act, enforcement was weak.

According to him, the Nigerian Tax Administration Act now provides the legal backing needed for full compliance by banks starting in 2026.