JRB: Tax Identification Won’t Lead to Automatic, Arbitrary Deductions from Payers’ Bank Accounts

Executive Secretary, Joint Revenue Board (JRB), Mr. Olusegun Adesokan, has dismissed erroneous claims that tax identification will subject taxpayers’ bank accounts to automatic and arbitrary deductions by financial institutions.

Adesokan who commended taxpayers who have already obtained their tax IDs, he said the speculations were unfounded, adding that concerns about automatic taxation of people’s money through tax identification were particularly  false.

He gave the clarification as a cross-section of taxpayers retrieved their new tax IDs through the new Tax ID portal which was launched on January 1, 2026, as Nigeria’s centralised taxpayer database.