The Central Bank of Nigeria (CBN) has released its Customer Due Diligence Regulations 2023 or financial institutions under its regulatory purview as it takes a decisive stance against financial crimes.

The CBN’s latest move aims to bolster compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) provisions while aligning with international best practices.

In an effort to enhance the accuracy and depth of customer identification, the CBN has made it mandatory for financial institutions to collect and verify customers’ social media handles as part of their Know Your Customer (KYC) requirements. FULL DETAILS HERE

Now, Wetin Una think? Abeg say your mind.

This is intrusion of privacy.....what of people that don't have any social media engagement?

Nice one, now all of us go dey on social media, even aboki's & shoe maker.

funshint:
This is intrusion of privacy.....what of people that don't have any social media engagement?

I thought as much. I think the government only want what they can do to have total control of our lives. I as much as it benefits them, It is ok - without minding how the policies affects us.

YinkaOlusesi16:
Nice one, now all of us go dey on social media, even aboki's & shoe maker.

But you think say this policy go affect that aboki like the way wey e go affect evri other persin? because e be like say those guys dey special for govment hand oo.

funshint:
This is intrusion of privacy.....what of people that don't have any social media engagement?

Something you put on the net for everyone to see is mo more privacy. Infact it is a good step.

duro4chang:
Something you put on the net for everyone to see is mo more privacy. Infact it is a good step.

That's true but we should not forget that all of those information are not tied to our accounts. Moreover, they have lots of our details already.