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Reps Direct CBN To Stop Social Media Handles Requirement From Bank Customers

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The House of Representatives has directed the Central Bank of Nigeria (CBN) to stop its directive on the addition of social media handles as part of the `Know Your Customer’ (KYC) requirement for bank customers.

This followed the adoption of a motion by Rep. Kingsley Chinda (PDP-Rivers) and a few others at plenary in Abuja on Tuesday.

He said as laudable as the directive might appear, it would be unnecessary as it was likely to bear pressure on teeming Nigerian masses at this trying period.

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He said the directive by the CBN was in conflict with the provision of Section 37 of the Constitution of the Federal Republic of Nigeria, 1999 on the right to privacy of citizens.

READ ALSO: Reps Urge Commercial Banks To Halt Excess Charges, Illegal Deduction

He said banks in the country already had the names, telephone numbers, passport photographs, emails, National Identification Numbers (NIN), Biometric Verification Numbers (BVN), utility bills and other basic requirements to identify, know and monitor customers.

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He said there were better means of monitoring money laundering, terrorism financing, and proliferation financing, such as the Nigeria Police Force (NPF), Nigeria Financial Intelligence Unit (NFIU).

Others include the Economic and Financial Crimes Commission (EFCC), intelligence and crime tracking agencies, amongst others.

He said if the directive took effect, Nigerians who were not on social media, with large turnovers from their businesses and trades, would be compelled to or systematically excluded from formal banking systems.

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Chinda added that this would come with its attendant negative effects and implications.

READ ALSO: Tribunal: Oborevwori Kicks As Omo-Agege Presents 3,728 Documents

He expressed worry about the untold hardships the directive would cause millions of Nigerians, especially the illiterate, or semi-literate business owners, traders and entrepreneurs living in the villages.

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According to him, implementing the CBN’s directive at this point may clearly be unnecessary as it is likely to bear a lot of pressure on the teeming Nigerian masses.

Adopting the motion, the house stressed the need to revisit and halt the Central Bank of Nigeria directive to reduce the hardship and pain faced by Nigerians.

The house mandated the Committee on Banking and Currency (when constituted) to investigate the matter and report back within three weeks for further legislative action.

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The house also mandated the Committee on Legislative Compliance (when constituted) to ensure implementation.

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Ajayi Crowther Varsity Appoints First Female VC

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The Governing Council of Ajayi Crowther University, Oyo, has announced the appointment of Prof. Ebunoluwa Oduwole as the new Vice-Chancellor of the university.

This was contained in a statement issued by the university and made available to The PUNCH on Thursday.

In the statement, the outgoing Vice-Chancellor, Prof. Timothy Adebayo, was hailed as an exceptional and distinguished administrator, “whose leadership over the past five years elevated the institution to new heights.”

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Adebayo’s tenure as ACU VC comes to an end at the end of this month.

Speaking during a ceremony held to celebrate Prof Adebayo after the University’s Governing Council meeting on Wednesday, Chairman of the council and Pro Chancellor of the University, Dr Olutoyin Okeowo, said that the external auditor’s report submitted to the council indicated ‘tremendous’ growth while also unveiling Prof Ebunoluwa Oduwole as the incoming Vice-Chancellor.

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Okeowo said, “Between the period that Prof Adebayo became the Vice-Chancellor in 2020 and now, this University has witnessed tremendous growth. I must say that this growth is being recorded at a time that the nation is going through a challenging economy.

“Those in economic management and finance expert will understand this; if you look at the micro economic indices of the country in the past five years, you would see that it has been quite challenging. Most institutions that are not well managed or do not have someone that is very creative and disciplined at the helms of affairs are not likely to stand the economic storm we have had in this country.

“But Prof Adebayo has been able to ensure yearly growth of this University. I want o say this is highly commendable. On behalf of Anglicans in the Supra West, I want to say thank you.”

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The Pro-Chancellor expressed appreciation for the support of the University’s management, principal officers and all staff in ensuring the success of Prof. Adebayo’s tenure, noting that the council recognises their contributions and remains grateful to everyone.

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Okeowo continued, “In our meeting today, it was made clear that a tree does not make a forest. Prof Adebayo has achieved so much simply because he has a team; dedicated team, principal officers and members of the University’s staff. You all contributed to his success in the past five years, so on behalf of all Anglicans in the Supra West, I want to say thank you to you all. It is a team work that worked so well”

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The council chairman restated the goal of the council to develop the University and elevate its ranking among the best institutions in the world.

When we came on board, we had a clear goal and objective that this University must be ranked among the best 1000 Universities in the world. That is still our objective and I have the assurance that you can still deliver on that,” he said

Okeowo also introduced Prof Adebayo’s successor, Prof Ebunoluwa Oduwole, calling for the cooperation of all staff to ensure that she also records a successful tenure in office.

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Let me also use this opportunity to welcome the incoming Vice Chancellor, Prof, Mrs Ebunoluwa Oduwole. She is making history as the first female Vice-Chancellor of this University. I am sure that you will give her the best cooperation so that she will excel in all ramifications. Support he also with your prayers,” said Okeowo.

While praising the outgoing Vice-Chancellor, Archbishop of Ibadan Province, The Most Rev’d Willliams Aladekugbe, who is also a member of the governing council, said it was not a mistake that Prof. Adebayo was chosen five years ago to lead the University.

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The choice of Adebayo was not a mistake but a blessing. Under his watch, the University has recorded several achievements in academic and infrastructural developments. It means God was with us while making the choice,” said Aladekugbe.

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The outgoing VC Adebayo had, on June 20, 2025, lauded the Mind Education programme, which has been integrated into the university’s curriculum, as a “highly impactful initiative” that is already yielding significant positive outcomes for its students.

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Speaking after a three-day Mind Education Camp, spearheaded by the Dean of the Faculty of Education, Professor Ronke Ogunmakin, and supported by a team of Mind Educators from South Korea, Adebayo highlighted the programme’s global reach and proven track record.

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Tinubu Unveils Plan To Restart Oil Production In Ogoniland

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President Bola Tinubu has moved to restart oil production in Ogoniland in Rivers State.

The president disclosed this on Wednesday when he conferred posthumous national honours of Commander of the Order of the Niger, CON, on the late Ogoni four; Albert Badey, Edward Kobani, Theophilus Orage, and Samuel Orage.

Conferring the honours at the Presidential Villa in Abuja, Tinubu urged the Ogoni people to embrace reconciliation and unity after decades of division.

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READ ALSO:Teacher In Police Net For Tying, Beating Pupil In Bauchi

He assured them of his administration’s support for peace, environmental remediation, and economic revival in the land.

“I am encouraged by the overwhelming consensus of the Ogoni communities to welcome the resumption of oil production.

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“The government will deploy every resource to support your people in this march towards shared prosperity,” he said.

READ ALSO:Nigeria Ready, Willing To Host Commonwealth Games — Tinubu

The president directed the National Security Adviser, NSA, Mallam Nuhu Ribadu, to begin engagements between Ogoni communities, NNPCL, and other stakeholders to finalise modalities for restarting operations.

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Earlier in his report, the NSA stated that the consultations engaged all four Ogoni zones and the diaspora, capturing demands for structured participation in oil production, accelerated cleanup, and sustainable development.

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Former Oyo Police Commissioner Is Dead

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A Former Commissioner of Police in Oyo State, Abiodun Odude is dead.

The shocking news of his death was shared by the Chairman, Ibadan branch of Government College, GCI Old Boys Association, Akin Orowale on the Association’s platform.

Abiodun Odude, an old boy of GCI, served as Oyo CP between 2017 and 2019.

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In the meantime, reactions have continued to trail the death of Odude.

READ ALSO:Saudi Arabia’s Grand Mufti Is Dead

A former Director General, Oyo State Signage and Advertisement Agency (OYSAA), and GCI OBA stalwart, Dr Yinka Adepoju posted this on platform.

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Hmmm, another deep cut in the GCI Old Boys Association and Boys of 71 Set in particular!

“May the Soul of Biodun rest in peace as l pray that the Lord comforts all members of this Great 71Set and his entire family members, ‘Yinka Adepoju @71, 2356# Grierson”

So sad to lose such a personality NOW. But what can we do? Nothing absolutely than to wish him eternal rest and divine consolation to the loved ones left behind, particularly his immediate family and GCIOBA,” another old boy, who is an Ibadan based politician, Mr Adeniyi Adeoti said.

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The late Odude served in the Intelligence Department, Zone 2, Lagos State as Deputy Commissioner of Police, CID, Panti, Yaba; he was Commissioner of Police, Administration; Department of Finance and Admin., Force Headquarters, Abuja.

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