Non-FATCA Banks in Nigeria



Don’t rely on this quick-reference guide, whatever you do! Check IRS website for a FATCA GIIN. Also check whether an intergovernmental agreement is in effect: TREASURY

The U.S. Department of the Treasury makes a show of all the jurisdictions entering into IGA’s and all the FATCA-registered FFI’s but for some strange reason they do NOT make it easy to find the jurisdictions without IGA’s or the banks in those jurisdictions that do NOT participate in FATCA.

Typically this website lists banks with a SWIFT BIC, and smaller banks tend not to have a SWIFT BIC.

If it shows a GIIN then they are FATCA registered.
Name of a financial institution
A FATCA-registered financial institution with a similar name
ACCESS BANK PLC
LAGOS
ZGJY42.00000.LE.566
Access Bank Plc
Nigeria
AFRICAN EXPORT-IMPORT BANK
ABUJA
NONE
CENTRAL BANK OF NIGERIA
LAGOS
NONE
CITIBANK NIGERIA LIMITED
LAGOS
NXUTG8.00308.ME.566
Citibank Nigeria Limited
Nigeria
DIAMOND BANK PLC
LAGOS
LVG30T.99999.SL.566
DIAMOND BANK PLC
Nigeria
ECOBANK NIGERIA PLC
LAGOS
H2YNI5.99999.SL.566
ECOBANK NIGERIA LIMITED
Nigeria
ENTERPRISE BANK LIMITED
LAGOS
ZFSI3K.99999.SL.566
ENTERPRISE BANK LIMITED
Nigeria
FIDELITY BANK PLC
LAGOS
EQF9H9.99999.SL.566
FIDELITY BANK PLC
Nigeria
FIRST BANK OF NIGERIA PLC
LAGOS
LWSF03.00000.SP.566
First Bank of Nigeria Limited
Nigeria
FIRST CITY MONUMENT BANK
LAGOS
LWLI3.00001.ME.566
First City Monument Bank Limited
Nigeria
FSDH MERCHANT BANK LTD
LAGOS
WRYC3U.00000.LE.566
FSDH MERCHANT BANK LTD
Nigeria
GUARANTY TRUST BANK PLC
LAGOS
9NT1QL.99999.SL.566
GUARANTY TRUST BANK PLC
Nigeria
JAIZ BANK PLC
ABUJA
NONE
KEYSTONE BANK LIMITED
LAGOS
XVAZM9.99999.SL.566
KEYSTONE BANK LIMITED
Nigeria
MAINSTREET BANK LIMITED
LAGOS
6ET753.99999.SL.566
MAINSTREET BANK LIMITED
Nigeria
NIGERIAN EXPORT IMPORT BANK
ABUJA
NONE
RAND MERCHANT BANK NIGERIA
VICTORIA ISLAND
GDV2UQ.00036.ME.566
Rand Merchant Bank Nigeria Limited
Nigeria
SKYE BANK PLC
LAGOS
LAS590.00000.LE.566
Skye Bank Plc
Nigeria
STANBIC IBTC BANK PLC
LAGOS
YGTJ4N.00000.LE.566
Stanbic IBTC Bank Plc
Nigeria
STANDARD CHARTERED BANK NIGERIA LIMITED
LAGOS
T04M9Y.00156.ME.566
Standard Chartered Bank Nigeria Limited
Nigeria
STERLING BANK PLC
LAGOS
7SNBUS.99999.SL.566
STERLING BANK PLC
Nigeria
UNION BANK OF NIGERIA PLC
LAGOS
TYDH3W.99999.SL.566
Union Bank of Nigeria PLC
Nigeria
UNITED BANK FOR AFRICA PLC
ABA
FTMA0U.00000.LE.566
United Bank for Africa Plc
Nigeria
UNITY BANK PLC
LAGOS
YM30ZD.99999.SL.566
UNITY BANK PLC
Nigeria
WEMA BANK PLC
KANO
TIX54E.99999.SL.566
WEMA BANK PLC
Nigeria
ZENITH BANK PLC
ABUJA
4UELJ1.00000.LE.566
ZENITH BANK PLC
Nigeria
The boundaries of the United States of America are the boundaries of the United States of America.

Around the world, people are learning that they are “citizens” of the U.S.A., and faced with criminal charges and devastating financial penalties for failing to report to Washington, D.C. their local bank accounts, when they don’t even live in the United States, and under the laws of their country, they are citizens only of their country.

Complicating the problem is that the U.S. Supreme Court gave them back their citizenship even if they did not want it. The court ruled in a manner consistent with U.S. Constitution, Amendment 14, which says:
All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States, and of the State wherein they reside.


But how can a country unilaterally acquire the authority to tax people overseas? These people are no more U.S.A. “citizens” than U.S. Senator Ted Cruz was a “Canadian” when he learned in 2013 that he was still a citizen of Canada under Canadian law.

The fee to renounce U.S. citizenship is $2,350.00 and they require five years of tax returns and sometimes an exit tax, and in some cases they keep taxing for ten more years. This is unacceptable.

If they want money they should repeal the income tax and use a federal sales tax, based on domestic consumption, which does not invade personal privacy. If you pay with cash there is no paper trail revealing what you buy, so why should there be a paper trail showing how much money you have, or make? Cars built overseas and sold in the U.S.A. would be taxed in the U.S.A., making the U.S.A. more competitive.



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