AI, OPEN BANKING, AND THE LIABILITY TRAP: WHY CONNECTING AI AGENTS TO YOUR BANK ACCOUNT COULD COST YOU YOUR SAVINGS | Clementina E. Ukiri, Esq.
Clementina E. Ukiri, Esq. In an era where convenience drives digital adoption, millions of bank customers are increasingly turning to automated software tools and artificial intelligence assistants to manage household bills, track personal expenses, and forecast long-term savings. However, a major structural shift is occurring beneath the surface of consumer technology. As highlighted by recent cybersecurity findings and warnings from global financial leaders like JPMorgan Chase CEO Jamie Dimon, the rise of agentic AI – which refers to aut…
CBN RESTRICTION OF BVN MODIFICATIONS AND ITS IMPLICATIONS UNDER THE NIGERIA DATA PROTECTION ACT 2023 | Lydia E. Ohonsi, Esq.
Legal expert Lydia Ehisuoria Ohonsi, Esq., has released a critical analysis regarding the Central Bank of Nigeria’s (CBN) recent Addendum to the BVN regulatory framework, warning of significant compliance risks under the Nigeria Data Protection Act 2023 (NDPA). The analysis examines the CBN’s directive, issued on 12 March 2026 and effective from 1 May 2026, which introduces sweeping changes to how Bank Verification Numbers (BVN) are managed in Nigeria. Key Modifications to the BVN Framework The CBN Addendum introduces four substantive c…
