The National Commissioner of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has announced that the commission and the Central Bank of Nigeria (CBN) have formed a joint committee to review the regulation that requires financial institutions to collect social media handles and other data from customers.

This disclosure was made during a two-day sensitization workshop on Data Privacy and Protection in Abuja.

BrandSpur Nigeria recalls that in June, the CBN had issued a regulation mandating financial institutions to gather a range of customer information including social media handles, email addresses, telephone numbers, and residential addresses.

This move was aimed at enhancing the identification process within the banking system and was documented in the ‘Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023’.

The NDPC had expressed opposition to this regulation, considering it unnecessary. Dr. Olatunji revealed that the NDPC engaged in discussions with the CBN over the matter, leading to the establishment of a joint committee to find a resolution.

As a result of these discussions, the CBN reportedly agreed with the NDPC’s perspective that the collection of social media handles was not necessary.

Dr. Olatunji further mentioned that the NDPC is focused on raising awareness about the Nigeria Data Protection Act and providing training to Data Protection Officers (DPOs) and individuals.

He noted that the country lacks an adequate number of certified DPOs, estimating that more than 500,000 DPOs are needed due to the shortage of this skillset.

During the same event, Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, emphasized the government’s commitment to safeguarding digital platforms to build citizens’ confidence while online.

He stressed that data privacy is a fundamental human right and stated that the government is working on regulatory structures to protect data privacy and support the nation’s journey toward digitalization.

bassdow:
fg

BrandSpurNG:


SOURCE:https://brandspurng.com/2023/09/01/cbn-fg-agency-set-to-review-new-regulation-on-bank-customers/

lexy2014:
These people keep coming up stupid ideas. What is the essence of the BVN and NIN they have done? This will bring another round of inconvenience

BoldBrainz:
Whether una review or una no review, most Nigerians were not even going to give you their social media handles to start with.

If it had been made a mandatory prerequisite to owning and operating a bank account, we would have used our small monies to buy digital coins or withdrawn and saved them in "saving box" in our wardrobes.

Una no fit kill us for this country, you bastard old men! Una go first die and we go bury una! Person like me no go even type "RIP" for una obituaries.

Nonsense!

stjudas:
What if I say I don't have social accounts?

AngelicBeing:
You have started again with your analysis, can you prove that this policy will bring another round of inconveniences to the populace?

900warriorz:
Watch how many girls will avoid this post


If it's not relationship, them no sabi anything


P.S For those of you that'd mention me, Na English I write up there o

lexy2014:


These people keep coming up stupid ideas.

What is the essence of the BVN and NIN they have done?

This will bring another round of inconvenience

Sandralight:

We are in the 21th century and there are still people like you who think girls are dumb.
Try to grow up