Ikeja Electric has walked back its earlier notice requiring all customers to submit identification numbers by February 20,… The post “Tax ID requirement is for Ikeja Electric has walked back its earlier notice requiring all customers to submit identification numbers by February 20,… The post “Tax ID requirement is for

“Tax ID requirement is for corporate customers only”- Ikeja Electric clarifies

2026/02/13 02:21
3 min read

Ikeja Electric has walked back its earlier notice requiring all customers to submit identification numbers by February 20, clarifying that the requirement only applies to businesses, not households.

The electricity distributor issued a new statement on Thursday evening after its initial announcement caused widespread confusion among residential customers who feared losing power if they didn’t provide Tax Identification Numbers, National Identification Numbers, or CAC registration details.

“Please note that the notice applies strictly to corporate customers (B2B), as well as our vendors and strategic business partners,” the company said in the updated notice, which directly contradicts the broad language used in its first announcement.

The need for clarification

The first notice did not mention that this affects only business entities. It stated that Nigeria’s Tax Act (2025) requires all invoices to include customer identification details: TIN, NIN, or CAC number. It also said that bills without this information would be considered invalid.

The company’s failure to distinguish between residential and corporate customers in the first notice triggered panic, with many people lamenting and scrambling to figure out how to obtain or verify their TIN before the tight February 20 deadline.

The updated notice reassures customers that they don’t need to take any action. The new requirement applies only to businesses. It comes from a tax law that says companies must include verified tax identification for both parties in their transactions.

Ikeja Electric exempts households from new tax ID requirement

Also read: Ikeja Electric threatens to disconnect customers without Tax IDs by February 20

What does this mean for different customers?

For households, nothing changes. If you’re a residential customer paying electricity bills at home, Ikeja Electric says you don’t need to submit any identification numbers and your service won’t be affected.

For businesses, the February 20 deadline still stands. Corporate customers, companies, vendors, and business partners who receive invoices from Ikeja Electric must provide their TIN or CAC registration number.

The company says this is necessary to comply with the Nigeria Revenue Service’s invoice validation framework, which requires business invoices to be uploaded and verified through the NRS portal.

When we send validated invoices to corporate customers through the portal, the customer’s Tax ID is required for processing. This is standard practice for B2B transactions under the new tax rules. The changes aim to improve compliance and make it harder for businesses to underreport their revenue.

Tax ID

It remains unclear why Ikeja Electric did not clarify this distinction in its initial notice. The company’s updated statement acknowledges “genuine concerns received,” indicating that it faced significant pushback from confused residential customers.

For now, households can breathe easy, but corporate customers still have eight days to get their details in.

The post “Tax ID requirement is for corporate customers only”- Ikeja Electric clarifies first appeared on Technext.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Denver Broncos’ Patrick Surtain II And Detroit Lions’ Terrion Arnold Talk About Their New Podcast & Nick Saban

Denver Broncos’ Patrick Surtain II And Detroit Lions’ Terrion Arnold Talk About Their New Podcast & Nick Saban

The post Denver Broncos’ Patrick Surtain II And Detroit Lions’ Terrion Arnold Talk About Their New Podcast & Nick Saban appeared on BitcoinEthereumNews.com. Alabama Crimson Tide greats Patrick Surtain II and Terrion Arnold are debuting a new podcast called “Closed On Sundays.” (Photo by Justin Edmonds/Getty Images) Getty Images Patrick Surtain II and Terrion Arnold may not have played at the same time with the Alabama Crimson Tide, but they share a lot in common during their NFL careers. The two standout cornerbacks not only played at Alabama, they did so under legendary head coach Nick Saban. That path that started in Tuscaloosa led to both players being selected in the first round of the NFL draft, where they now serve as the No. 1 cornerbacks of their respective teams. In Surtain II’s case, he’s the reigning Defensive Player of the Year and regarded as one of the top overall players as a member of the Denver Broncos. In Arnold’s case, he’s coming off of a solid rookie campaign with the Detroit Lions. Considering their backgrounds, it’s no surprise that the two are pairing up to form their first podcasts together called “Closed On Sundays.” The weekly series will see the two share stories from an on-field perspective and behind the scenes, along with featuring weekly guests. It’s an interesting dynamic considering the 25-year-old Surtain II – even though he’s the more established of the duo – is more reserved whereas as the 22-year-old Arnold is more outspoken and is not afraid to give headline-worthy quotes. The Lions cornerback arguably gave the quote of the year shortly after he was drafted when he said he would jam his mom into the dirt if she lined up across him as a receiver. “It meshes well because Terrion may say the things that I may not say or may not come out of my mouth,” says Surtain II in a one-on-one interview. “It’s good to…
Share
BitcoinEthereumNews2025/09/19 00:29
Fraudulent Token Scheme Smashed as Judge Delivers Crushing $3.34M Blow

Fraudulent Token Scheme Smashed as Judge Delivers Crushing $3.34M Blow

The post Fraudulent Token Scheme Smashed as Judge Delivers Crushing $3.34M Blow appeared on BitcoinEthereumNews.com. Colorado slams fraudulent crypto scheme with $3.34 million judgment as hype-fueled token collapse exposes lavish misuse of investor funds. Colorado Court Slams Indxcoin Founders With Multi-Million Dollar Fraud Judgment The Colorado Division of Securities announced on Sept. 16 that Denver District Court Judge Heidi L. Kutcher ruled against Indxcoin LLC and its founders, Eli and […] Source: https://news.bitcoin.com/fraudulent-token-scheme-smashed-as-judge-delivers-crushing-3-34m-blow/
Share
BitcoinEthereumNews2025/09/18 12:06
Bitcoin Set For ‘Promising’ Q4, Next Two Weeks Could Be Decisive

Bitcoin Set For ‘Promising’ Q4, Next Two Weeks Could Be Decisive

The post Bitcoin Set For ‘Promising’ Q4, Next Two Weeks Could Be Decisive appeared on BitcoinEthereumNews.com. Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about…
Share
BitcoinEthereumNews2025/09/18 23:00