Federal High Court in Lagos upholds CBN regulation requiring banks to collect social media handles for KYC.
Federal High Court in Lagos upholds Central Bank of Nigeria (CBN) regulation requiring banks to collect and verify customers' social media handles as part of KYC requirements. The court ruled that the regulation is not a breach of the right to privacy. The applicant, a customer, argued that the regulation infringed on constitutional rights, particularly Section 37 of the 1999 constitution.
May 16, 2024
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