The Nigeria Data Protection Commission (NDPC) on Thursday described the Central Bank of Nigeria’s (CBN) new directive to banks on social media as illegal.
The apex bank had last week directed the country’s commercial banks to obtain the social media handles of their customers as part of Know Your Customer (KYC) requirements.
It added that the directive was in line with the Customer Due Diligence (CDD) 2023 regulations meant to prevent financial crimes and terrorism financing through the banking system.
