0
0
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has dismissed reports suggesting that Nigerians’ bank accounts will be frozen or automatically debited starting January 2026, describing such claims as false and misleading.
Oyedele clarified in a post on his X handle on Tuesday that there is no provision in the new tax and financial reform laws that allows for the freezing of bank accounts. He wrote,
“Don’t let anyone manipulate you. Your bank account is safe. Misinformation only creates unnecessary panic and fear about a reform designed to help you. When someone claims that your account will be frozen or automatically debited from January 2026, ask them to show evidence in the new law.”
Vanguard had earlier reported that Oyedele also dismissed fears that the government intends to deduct money directly from bank accounts, insisting that such claims are “false, dangerous, and capable of destabilising the economy.”
During a media workshop on the new consolidated tax law on December 13, Oyedele emphasized that the warnings circulating on social media stem from ignorance and deliberate misinformation.
He stated clearly:
“Nobody — not FIRS, not CBN, not any government agency — has the power to debit your bank account. Whether you have ¦50,000 or ¦50 million, nobody is taking any money from your account. It is simply not true.”
