In an effort to enhance the accuracy and depth of customer identification, the CBN has made it mandatory for financial institutions to collect and verify customers’ social media handles as part of their Know Your Customer (KYC) requirements.
FULL DETAILS HERENow, Wetin Una think? Abeg say your mind.
I don’t know what this government is getting at with this new rule of linking social media account to bank accounts. There is National Identification Number (NIN), Bank Verification Number (BVN) all linked to the bank already, are they not enough for KYC? Could it be a way to clamp citizens who make corrections or voice out their angers on them on social media a way to clamp on them and arrest them for speaking their minds?
This regulation might take effect but they can’t get it 100%, not all customers that own a bank account are into social media, unless there’s an exception to those customers on this new rule. Whatever they are getting at, May it favour the citizen but not cripple them or violate their rights as citizens.