Reps Urge CBN To Suspend Call For Bank Customers’ Social Media Handles

The House of Representatives has asked the Central Bank of Nigeria (CBN) to stop the implementation of its directive that banks should add customers’ social media handles as means of identification.

This was the resolution of the House following a motion sponsored by nine members.

The House was worried that if the directive takes effect, Nigerians, who are not on social media with large turnovers from their businesses and trades, would be systematically excluded from formal banking systems.

Meanwhile, the House said it would investigate the issue of excess charges and illegal deductions by commercial banks in the country.