A Court Upholds Central Bank of Nigeria’s Regulation Requiring Social Media Handles of Bank Customers

In a landmark ruling, the Federal High Court in Lagos upheld a new regulation by the Central Bank of Nigeria (CBN) requiring financial institutions to collect the social media handles of their customers as part of the standard Know-Your-Customer (KYC) procedures.  The decision, delivered on Thursday, May 16, by Justice Nnamdi Dimgba, has stirred significant … Continue reading A Court Upholds Central Bank of Nigeria’s Regulation Requiring Social Media Handles of Bank Customers