The Nigeria Data Protection Commission (NDPC) on Thursday stated that the Central Bank of Nigeria's (CBN) new demand to banks to collect the social media handles of their customers as part of increased Customer Due Diligence (CDD) rules is unlawful.
The commission stated that it's already working with the apex bank on the matter since there are basic procedures that must be followed while collecting data from individuals.
This was made known by the National Commissioner of the NDPC, Dr. Vincent Olatunji, according to a statement published by the commission's Head of Media, Mr. Itunu Dosekun, on Thursday in Abuja.
Olatunji stated that before the introduction of the Nigerian Data Protection Act (NDPA) on June 12, unregulated data gathering by Data Controller Organisations was not taken carefully.
The guidelines for the processing of personal data include that it must be done in a fair, lawful, and honest manner, that it is strictly limited to the minimum necessary for the purpose for which it is collected— it also states that it is not kept for a longer duration than needed. These were major highlights of the bill, which was signed by President Tinubu.
He also highlighted that there are necessary procedures that every Data Controller must follow before obtaining data from individuals and that any organization that fails to do so is breaking the law and risking being punished.
Read more: https://www.investingport.com/ndpc-...-social-media-handles-of-customer-as-illegal/