"> #FIRS PUBLIC NOTICE: SENSITISATION OF FINANCIAL INSTITUTIONS ON COMPLIANCE WITH COMMON REPORTING STANDARD IN NIGERIA - Sahel Standard
October 28, 2020
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#FIRS PUBLIC NOTICE: SENSITISATION OF FINANCIAL INSTITUTIONS ON COMPLIANCE WITH COMMON REPORTING STANDARD IN NIGERIA

PUBLIC NOTICE

Nigeria will start to exchange financial accounts information with treaty partners beginning from 2020. Relevant legislations had been enacted, installation of required ICT infrastructure is nearing completion and the reporting financial institutions are expected to file their first reports by 30th September 2020.

Consequently, the Service has scheduled a series of web-based events to engage with reporting entities (money deposit banks, asset management companies, life assurance companies, securities trading firms, etc.) and their tax advisers with a view to educating them on AEOI legal provisions, reporting process and use of the CRS infrastructure. The event will hold as follows:

  1. Day 1 (Tuesday 4th August 2020)
    a. Opening Session 10:00am – 11:00am
    b. Technical Session 1 11:00 – 1:00pm
  2. Day 2 (Wednesday 5th August 2020)
    a. Technical Session 2 10:00am – 1:00pm

Attendance:

  1. Opening Session:
    b. Regulatory authorities (Governor of CBN, DG of SEC, Commissioner of NAICOM and Director, NFIU)
    c. Chief Executive of Financial Institutions
    d. Relevant compliance officer of financial institutions (2 officers only)
    e. Relevant Tax Practitioners (2 officers only)
  2. Technical Sessions:
    a. Relevant compliance officer of financial institutions (2 officers only)
    b. Relevant Tax Practitioners (2 officers only)

Participating organisations are required to forward the list of their participants to aeoi.seminar@firs.gov.ng, in the following format:

ORGANISATION NAME
S/N Participant Name Designation Corporate E-mail Phone Number
1
2
3

For further details, please contact: femi.edgal@firs.gov.ng or aeoi.seminar@firs.gov.ng

Signed
Muhammed Nami
Executive Chairman

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