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Bank customers now to provide social media handles *It’s legal – court

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With the courts endorsing the directive by the Central Bank of Nigeria (CBN) to all banks in Nigeria to collect and verify social media handles, the claims by bank customers that their privacy is being invaded, has finally collapsed.

The CBN directive is for the banks to collect the information as part of their know-your-customer (KYC) requirement, which was issued in June 2023, is part of the measures the apex bank is said to be taking to to prevent financial crime, and terrorism, as well as boost the precision and thoroughness of customer identification.

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But Chris Eke, a bank customer, who saw this as an infringement on his rights had approached the a Federal High Court, sitting in Lagos with the plea that the CBN’s directive infringed upon constitutional rights, particularly section 37 of the 1999 constitution.

Justice Nnamdi Dimgba, who struck out the suit, marked FHC/L/CS/1281/2023, disagreed with Olubunmi Abayomi-Olukunle, Eke’s lawyer, who sought a declaration that the regulation as contained in section 6(a)(iv) of the CBN (customer due diligence) Regulations, 2023, was “undemocratic, unconstitutional, null and void”.

Upholding the argument of the CBN, which filed a notice of preliminary objection, challenging the competence of the suit and disagreeing with the claim of interference with the applicant’s private life, Dimgba held that the notice of preliminary objection had merit, subsequently striking out the suit, adding that providing a social media handle was equivalent to providing email and phone numbers for potential customers, and therefore, did not violate the right to privacy.

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“First, the applicant claims that the requirements on the CBN regulations for financial institutions to request and collect the social media handle of its customers as part of KYC infringes on his right to privacy. This claim is very ambitious and amounts to a very far throw. The said regulations are directed to and apply to financial institutions.  It does not apply to private individuals such as the applicant.

“Even if, as appears to be argued, that the regulations itself would inevitably affect the applicant, this claim is speculative for the simple reason that in nowhere in the affidavit in support was it stated that the applicant operates an account with a financial institution and that the said institution had demanded his social media handle. The suggestion that he would be negatively affected by the regulation is very “speculative and at large.”

Agreeing that there is a lack of evidence suggesting financial institutions had implemented the regulation, and it was causing disruptions and inconvenience, he held that if Eke was irritated by the requirement of the regulation he had the choice to refuse to do business with any bank insisting on the information as part of its social media handle, but to seek other alternatives.

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Insisting that banks asking customers or potential clients to provide their social media handles is not a breach of privacy, he held the essence of having a social media account was for one to be publicly visible communication-wise, adding that a social media handle, being in the public space, could be accessed by everyone whether or not consent was obtained.

“The apprehension of the Applicant of his social interactions being monitored is manifestly speculative in itself and rather incredulous to believe that the financial institutions have the luxury of time to concern itself with such frivolities,” he said.

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BREAKING! It’s Muslim-Muslim ticket! *Again, Tinubu settles for Shettima!

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Apparently not swayed by the rumble in informed political quarters over the Muslim-Muslim ticket in the Presidential Villa, Abuja, President Bola Tinubu, has sworn his readiness to swim and sink with Kashim Shettima, as Vice President in the 2027 presidential election.

The President rested the issue of retaining or dumping the VP, which has been a subject of intense speculations over several months now, when he forwarded the name of the former Governor of Borno State for the Aso Rock Villa’s joint ticket on the platform of the All Progressives Congress (APC).

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The ruling party forwarded the names of the duo on Friday to formalise its presidential ticket for the 2027 general election, brushing aside contentions that unlike the 2023 edition, such a ticket might not fly this time.

Nentawe Yilwatda, APC National Chairman, received the duly completed nomination forms for both Tinubu and Shettima from Ibrahim Masari, the Special Adviser to the President on Political Matters, at a colourful ceremony at the Ladi Kwaki International Conference Centre of Abuja Continental Hotel, Abuja, for onward transmission to the Independent National Electoral Commission (INEC) portal.

The high-profile ceremony drew heavyweights from across the party, including members of the Progressive Governors’ Forum (PGF) led by Imo State Governor Hope Uzodimma, representatives from the National Assembly, the Federal Executive Council (FEC), and state party chairmen.

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Welcoming dignitaries to the brief but solemn ceremony, APC National Organising Secretary Sulaiman Muhammad Argungu noted that the event was the natural climax of a highly transparent internal process.

“The presidential flag bearer emerged through a thoroughly transparent primary process,” Argungu said, while praising President Tinubu’s “positive strides” and urging party faithful to remain united, prayerful, and steadfast.

The ceremony culminated in the presentation of the completed nomination forms for the President and his running mate by the Presidential Adviser, Masari, who was accompanied by all the governors in attendance, members of the National Assembly and the Federal Executive Council (FEC).

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Reinforcing the governors’ total commitment to the ticket, PGF Chairman Governor Hope Uzodimma stated that the transparent nature of the primaries had made marketing the candidates seamless.

Uzodimma, said: “We are delighted that this event is coming after a well-organised and thoroughly supervised primary process. We reiterate our commitment to continue supporting President Tinubu and the party.”

Describing the APC as a beacon of internal democracy and inclusiveness, promising that the governors would spearhead a total clean sweep at the polls, he added: “We will continue to support him in the larger interest of Nigerians and to take the country to greater heights. Together, we are going to deliver victory for President Tinubu and ensure the party wins all elective positions, including the National and State Assemblies.”

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On his part, Yilwatda stated that the revalidation of the Tinubu-Shettima ticket represents the authentic heartbeat of the party’s grassroots, adding: “Today is a reflection of the wishes of over 12 million members of our party who supported the President’s candidature,” Yilwatda remarked. “We are proud of the support already in the kitty of President Tinubu, and we are convinced that many more Nigerians will vote for him.”

The APC boss, while pointing to key initiatives such as the student loan scheme—which he noted has already benefited over 1.5 million students—alongside targeted agricultural interventions and nationwide infrastructure projects as verifiable proof of performance, urged members to return to their local communities armed with facts rather than rhetoric to dismantle opposition narratives.

His words: “While others are busy spreading propaganda, let us counter them with facts. Nigerians have seen governance that touches lives across the six geopolitical zones. APC holds a distinct institutional advantage over its rivals, being the only political platform in the country backed by a fully digitalised and verified membership database.

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“We already have about 12 million verified members. We are going round the country to mobilise support for the President. I am also confident that our governors will compete among themselves to deliver the highest number of votes.

“Go and tell the leader of our party (President Tinubu) that our members and Nigerians will vote for him to continue the excellent work he is doing. As a party, we are proud to be presenting the best candidate. There is no shaking at all. Come 2027, our victory is assured.”

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BREAKING: Finally, Oyo school teachers, students regain freedom, 56 days after!

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After a harrowing 56 days in the den of their abductors, all thel 46 schoolchildren and teachers abducted on May 15, 2026, from three schools in the Ahoro-Esiele community of Oriire Local Government Area in Oyo State have regained their freedom.

A video of the abductees thanking President Bola Tinubu and security operatives is currently on display on social media, with Folawe Alamu, the principal of Community High School, who spoke on behalf of the freed captives, attributing their survival to them.

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Hear her: “Hello Sir! Our father, we’re very grateful. The President, Sir, we’re grateful. We understand your commitment to our safety and we appreciate all you did for us. We could see your hand. Thank you very much. And every security operative, they tried very much and that is why we’re still alive now. W’re very grateful unto you. Thank you very much!”

In the short video, which ended with a chorus of thank you from the other freed captives, inclucing the children surrounding her, there was no mention of Seyin Makinde, Governor of Oyo State, who had also said he was on the case.

Earlier, the Presidency had broken the story of the freedom of the abducted teachers and students, with a statement by Bayo Onanuga, presidential spokesman, who used his X account to announce the development on X on Friday.

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He wrote: “Finally, all the kidnapped pupils and teachers in Oriire, Oyo have been rescued by our security agencies.

“One of the rescued teachers in Oyo sends a thank you message to President Tinubu and the security agencies.”

In the video,  one of the rescued victims, Rachael Alamu, principal of Community High School, said “President sir, our father, we are grateful, we understand your commitment to our safety and we appreciate all you did for us…. And every security operatives, they tried so much and that is why we are still alive by now, God bless you”

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The ministerial endorsement of SEDC model for regional commissions

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By Emmanuel Nzomiwu
Since assuming office on May 29, 2023, President Bola Ahmed Tinubu has prioritised regional development to bridge historical infrastructural gaps and foster balanced socio-economic growth across Nigeria’s geo-political zones. In this regard, the Tinubu administration established additional regional commissions, to tackle unique socio-economic challenges, reduce regional disparities and foster localized infrastructure.
The new commissions are the South East Development Commission (SEDC), dedicated to addressing infrastructural gaps, ecological and economic challenges of Southeastern Nigeria, and South West Development Commission (SWDC), created to handle infrastructure modernization and economic empowerment of Southwestern states. The North West Development Commission (NWDC) was established to tackle developmental needs, human capital emancipation and security challenges within the Northwestern states, and the North Central Development Commission (NCDC), to drive inclusive growth, agricultural advancement and socio-economic transformation in the middle-belt zone.
These new commissions were created by the Tinubu administration to complement the pre-existing regional commissions, the Niger Delta Development Commission (NDDC), focusing on infrastructural development and environmental remediation in the oil-rich Niger Delta and North East Development Commission (NEDC), concentrating on rehabilitating, restructuring and rebuilding areas ravaged by insurgency and humanitarian crisis in Northeastern Nigeria. The NEDC was created in June 2000 by the Olusegun Obasanjo administrion, while the Muhammadu Buhari administration established NEDC in 2017.
In October 2024, President Tinubu created the Federal Ministry of Regional Development (FMRD), saddled with the responsibility of overseeing the various regional development commissions, and thus, subsuming all of them under a single, unified national framework. To show the importance he attaches to regional development, the President appointed an engineer, Abubakar Momoh as the Honourable Minister of Regional Development and a lawyer, Uba Maigari Ahmadu as the Minister of State for the Ministry.
As a southeasterner, I felt quite elated listening to the Honourable Minister of Regional Development, Abubakar Momoh, on a number of occasions, endorsing the South East Development Commission (SEDC) as a model for operating regional development commissions in Nigeria. For instance, during the unveiling of the 10-year roadmap for the transformation of South-East in Abuja, Momoh, stated that the initiatives of SEDC align with the priority areas of the federal government’s Renewed Hope Agenda, which includes strengthening national security, boosting agriculture, diversification of the economy through industrialization and unlocking natural resources.
While describing SEDC as “one sure bullet that will shoot down all major development challenges in the South East region,” the Minister viewed its coordinated approach, strategic planning and partnerships as the blueprint for transforming other geo-political zones across Nigeria. He restated this at a strategic retreat for Nigeria’s seven regional commissions in Benin City, Edo State in April this year. The retreat was held to align the objectives of Nigeria’s regional development commissions, enforce strict performance benchmarks and end fragmented project planning.
Making remarks at the retreat, the Managing Director and Chief Executive Officer of SEDC, Mark Okoye, hinted that SEDC will prioritize its long-term vision over short-term wins. The vision of the commission, according to its roadmap, is “to reposition the South East as the preferred investment destination in Africa by 2035,” while its mission is “to drive sustainable development, economic growth and unity in South East through strategic investments and empowerment initiatives.”
The strategic objectives of the roadmap include, to collaborate with state governments, private sector and development partners, development finance institutions, among others, and to achieve a $200 billion economy by 2035, leveraging key growth sectors, such as agriculture, industrialization, creative economy and tourism. The objectives also include, to pursue transformative high-impact projects that catalyze regional development, including infrastructure, energy and technology hubs, and to enhance the ease of doing business by improving infrastructure providing regulatory support and access to finance, to make the region a preferred destination for investment.
The remaining objectives are to foster partnerships among South East states to harmonise policies, pool resources and advance shared goals of economic growth and development, and to build $1 billion asset base for the commission by undertaking key phase of project structuring from conceptualization to bankability. How far has the commission gone in this regard?
Beyond rhetoric, the commission has taken concrete steps towards the achievement of these objectives. For instance, last month (June) the commission entered into Memoranda of Understanding with two South East states-Enugu and Abia-under its South East Agro-Development Programme, aimed at reinventing Dr. M. I Okpara’s agricultural and agro-industrial footprints in the Eastern region.
The programme, coordinated by the Executive Director( Natural Resources, Agriculture and Rural Development), Dr. Cliff Ogbede, targets investment opportunities, massive job creation, food security and sustainable agro-industrial development. It would also have security impact on the states as a criminal hideouts are going to be transformed into hubs for useful economic activities.
Partners of SEDC in this regard include the National Agricultural Land Development Agency (NALDA), development finance institutions, like Bank of Agriculture (BOA), Bank of Industry (BOI) and Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NISRAL) PLC, a non-bank financial institution created by the Central Bank of Nigeria (CBN), to de-risk agricultural lending. The agro-development programme is just one of the numerous projects and programmes contained in the roadmap to transform South East.
Other programmes and projects are the South East Security Intervention Programme, the South East Regional Economic and Industrial Programme, the South-East Investment Company, projects preparation-feasibility studies, outlining business cases, geographical studies and detailed engineering designs, Renewed Hope Housing and New market Development, Renewed Hope Agenda Community Social Impact Programmes, $50 million South East Venture Capital Fund, and South East Youth Entrepreneurship and Empowerment Programmes, South East Grassroots Recreational Infrastructure Development (SEGRID) programme, Talent Development and Leadership, to mention but a few
Core partners of the SEDC in developing and implementing the roadmap include the United Nations Development Programme (UNDP), state governments, development finance institutions and private investors, and community and diaspora groups. The UNDP is the primary technical partner, providing critical assistance for drafting the region’s 10-year and 25-year strategic plans.
For the implementation of the programmes and projects, the commission actively enters into MOUs with the state governments. At inception, the South East governors advised the commission to view the entire region as a single economic bloc, rather than five separate states.
Thus far, the commission has operated in tandem with the advice of the governors. To augment SEDC’s 2026 N140 billion budgetary allocation, the governors of the five states of the region agreed to contribute N5 billion reach (totaling N25 billion).
As the investment vehicle of SEDC, the South East Investment Company (SEIC) acts as the funding and private sector-engagement arm of the commission. The commission partners with banks and private capital to finance infrastructure, energy and digital economy initiatives across the region.
Regarding partnership with community and diaspora groups, the commission frequently engages town hall leadership, local chambers of commerce and diaspora communities. These engagements are geared towards ensuring inclusivity in the implementation of the roadmap of the commission, in other to achieve its objectives.
In conclusion, I see the ministerial endorsement of SEDC model for regional commissions as another milestone for the South East region. Irrespective of recent attempts by detractors to smear the management with bogus allegations, I have no iota of doubt that the commission is on course. Lies and manipulations can cause temporary confusion or delay, but the truth will always prevail at the end of the day.
Nzomiwu, a public affairs commentator, wrote from Awka, Anambra State. Reactions are welcome via chekmma@yahoo.com

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