The National Commissioner of Nigeria Data Protection Bureau, Dr Vincent Olatunji has said it is unnecessary for the Central Bank of Nigeria, CBN, to
Olatunji disclosed this on Monday during an interview on Channels Television monitored by DAILY POST.to obtain customers’ social media handles in its latest Due Diligence Regulations 2023 report.
Olatunji noted that the newly signed Data Protection Act by President Bola Ahmed Tinubu is to protect the privacy rights of all Nigerians. “The whole idea of data protection law is to protect all the rights, freedom and interest of Nigerians who are data subjects. “We have written a letter to the Central Bank of Nigeria concerning the new regulation mandating banks to collect customers’ social media handles for identification.“If that will happen under public interest, yes, there are some guidelines they must follow.“We will find out why the regulations came up; we will let them know the implications of the law. According to global best practices, you don’t collect more data than you need; we are going to take CBN up on this”, he stated.
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