August 13, 2026
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BUSINESS

SERAP urges CBN to withdraw regulations on customers’ social media handles or face legal action

The Socio-Economic Rights and Accountability Project (SERAP) has urged Acting Governor, Central Bank of Nigeria (CBN) Folashodun Shonubi to “immediately delete the patently unlawful provisions in the CBN (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification.” SERAP in a press release