Central Bank of Nigeria, (CBN), has directed financial institutions to request their customers social media handles, as well as other personal information in a bid to combat money laundering and other various offences.
The CBN, in a recent memo to the banks, said the directive on strengthening customer due diligence is in line with their regulations on money laundering, terrorism and financing of terrorism.
CBN said in the statement that the information banks are mandated to obtain from their customers in line with the customer due diligence are; legal name and any other names used; such as maiden name, permanent address; full physical address, residential
Also expected to be obtained are; telephone number, e-mail address, and social media handle; date and place of birth, Bank Verification Number, Tax Identification Number, nationality, occupation, public position held, and name of employer.
