The Central Bank of Nigeria has issued a directive requiring financial institutions to collect customers’ social media handles, email addresses, phone numbers, residential addresses, and other relevant information.
This initiative, it said, will strengthen customers’ due diligence measures and combat money laundering and terrorism financing.
But the Socio-Economic Rights and Accountability Project (SERAP)- a non-governmental organisation, has described the directive as unlawful and a violation of “Nigerians’ rights to freedom of expression and privacy.”
