The House made the resolution following a motion sponsored by nine members.
The apex bank recently released its Customer Due Diligence Regulations 2023, which included social media handles on “Know Your Customer”. This it said, would galvanize compliance with anti-money laundering and counter-terrorism financing provisions.
However, the House of Representatives have expressed worry that if the directive is implemented, Nigerians, who are not on social media with large turnovers from their businesses and trades, would be systematically excluded from formal banking systems.
The lawmakers also pointed out the untold hardship the policy would cause millions of Nigerians, particularly the illiterates, or semi-literate business owners, traders and entrepreneurs living in the villages and other rural areas who do not have social media handles.
The House also vowed to investigate the issue of excess charges and illegal deductions by commercial banks.