The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied claims that bank accounts not linked to any Tax Identification Number TIN will be frozen or automatically debited from January 2026, describing the reports as false and misleading.
Oyedele refuted the report via his X handle this morning, December 23. He wrote;
“Don’t let anyone manipulate you. Your bank account is safe. Misinformation makes you panic and fear a reform that is designed to help you. When they tell you that your account will be frozen or automatically debited from January 2026, ask them for the evidence in the new law. Be wise.”
He said the rumours are part of widespread misinformation surrounding recent tax and financial reforms, stressing that no provision in the new laws authorises the freezing of bank accounts.
