SERAP Threatens To Sue CBN Over Regulations On Customers’ Social Media Handles

Socio-Economic Rights and Accountability Project (SERAP) has threatened to sue the Central Bank of Nigeria (CBN) over its new Regulations on customers’ social media handles.

The apex bank in its new customer Due Diligence Regulations, which is aimed at further deepen the identification process in the banking system, had mandated Financial Institutions to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses, among others from their customers.

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