HomeCourt room news Judgment of Court Upholding CBN’s Regulation on Collection of Customers’ Social...

[Download] Judgment of Court Upholding CBN’s Regulation on Collection of Customers’ Social Media Handles

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On Wednesday, 15th May 2024, Honourable Justice Nnamdi Dimgba struck out a suit filed by a Lagos-based lawyer, Chris Eke, seeking to nullify the Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of their customers, as part of the standard Know-Your-Customer procedure.
Below is the CTC of the  judgment where in His Lordship held that the regulation is not a breach of the right to privacy.
Judgment-Justice-Dimgba
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