part of banks’ know-your-customer procedures —
“As laudable as this directive may appear, it is unnecessary as it is likely to bear pressure on teeming Nigerian masses at a trying period,” he said. The legislator said the policy may cause “untold hardships” to millions of Nigerians, especially the illiterate or semi-literate business owners, traders and entrepreneurs living in the villages and rural areas who do not have social media handles if the policy is implemented.
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