✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

CBN’s directive on customers’ social media handles illegal – NDPC

The Nigeria Data Protection Commission (NDPC) has said the Central Bank of Nigeria (CBN)’s directives to commercial banks to collect their customers’ social media handles…

The Nigeria Data Protection Commission (NDPC) has said the Central Bank of Nigeria (CBN)’s directives to commercial banks to collect their customers’ social media handles is illegal.

It said it was currently engaging with the CBN) on the issue.

The National Commissioner of NDPC, Dr Vincent Olatunji, said this in a statement issued by Mr Itunu Dosekun, Head of Media, on Thursday in Abuja.

The CBN on June 26, directed banks to obtain the social media handles of customers as part of enhanced Customer Due Diligence (CDD) regulations.

However, Olatunji said that before the establishment of the Nigerian Data Protection Act (NDPA), on June 12, indiscriminate collection of citizens’ data by Data Controller Organisations was not taken seriously.

He explained that there were prerequisite steps any Data Controller must take prior to the collection of data from data subjects.

He also said that any organisation that defaulted was going against the law and causing a data breach, adding that it would attract a fine.

“There are provisions in the law to go against any data controller be it private or government office, NGOs, hotels, because we are pro-citizens.

“The whole idea of this law is to protect the rights, the interests of Nigerians who are data subjects.

“We are already engaging with the CBN to let them know that what they have done is against the law because there are basic principles you must meet when you want to collect citizens’ data.

“There is data minimisation, meaning you don’t collect data beyond the purpose for which it was intended, purpose limitation, what purpose is it for,” he explained.

According to him, asking for social media handles is not necessary.

He, however, said that if the collection of the social media handles happened under public interest, which could include monitoring some transactions, there should be proper awareness among the customers.

Olatunji added that they would be inquiring why the CDD regulation came up and how best to resolve that in line with global best practices. (NAN)

Nigerians are now earning dollars with premium domains, these domains can be acquired for $1500-$2000 profit margin can be as much as $15,000 to $20,000. Click here to learn how to earn dollars.
Click here to learn more.