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SERAP Demands Removal of Unlawful Social Media Provision in CBN Regulations

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SERAP Demands Removal of Unlawful Social Media Provision in CBN Regulations

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The Socio-Economic Rights and Accountability Project (SERAP) has called on the Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi, to remove the unlawful provisions in the CBN Regulations that require banks to obtain customers’ social media handles for identification purposes.

SERAP also urged the withdrawal of Circular number FPR/DIR/PUB/CIR/007/076, which mandates banks and other financial institutions to comply with the unlawful provisions on customers’ social media handles in the CBN Regulations.

According to SERAP, these provisions violate Nigerians’ rights to freedom of expression and privacy and are inconsistent with the rule of law.

The organization further stated that the mandatory requirement of social media handles or addresses of customers does not serve any legitimate aim and may be used to restrict the rights to freedom of expression and privacy.

If the recommended measures are not taken within three days, SERAP will take legal action to compel compliance in the public interest.

This article was updated 4 months ago

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