He disclosed this a two-day sensitisation workshop on Data
Privacy and Protection in Abuja on Thursday.
Earlier in June this year, the CBN mandated financial
institutions to obtain the social media handles, e-mail addresses, telephone
numbers, residential addresses, and more of their customers.
This formed part of its new customer due diligence
regulations and is in a bid to further deepen the identification process in the
banking system.
The apex bank disclosed this in its ‘Central Bank of Nigeria
(Customer Due Diligence) Regulations, 2023’ document.
The CBN stated that its new regulation was created to
provide additional customer due diligence measures for financial institutions
under its regulatory purview.
However, the NDPC had kicked against the regulation,
describing it as unnecessary.
Olatunji said, “When there was an issue with CBN asking for
CBN handles, we actually went to the CBN and we set up a joint committee to see
the best way to resolve this. We told them that was not necessary and they
agreed with us.”
Also, he said the commission is engaging in rigorous
sensitisation on the Nigeria Data Protection Act and capacity building of Data
Protection Officers and Nigerians.
Olatunji decried that the country requires over 500,000
certified DPOs because the skill is lacking.
The Minister of Communications, Innovation and Digital
Economy, Dr Bosun Tijani, during the event, expressed the Federal Government’s
commitment to the protection of digital platforms to build the confidence of
citizens while online.
Tijani said the government is building a structure around
regulation of data privacy and protection, which is important to the journey of
the nation towards digitalisation.
“Data privacy is not just a matter of convenience, it is a
fundamental human right and we should care about the data we generate and what
it is being used for. As we embrace the digital age, it is crucial that the
personal and sensitive information of our citizens is maintained under the eyes
of confidentiality.
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