Nigeria Open Banking Regulatory Framework (CBN, 2023)
Customer Protection

Nigeria Open Banking Regulatory Framework (CBN, 2023) NGOB-6: Customer Notification, Liability Allocation, and Data Localisation

Notify customers of data sharing with third parties per Operational Guidelines + transparency obligations + opt-out mechanisms. Allocate liability between API Provider + API Consumer + customer per CBN Open Banking liability framework including unauthorised transactions + technical failures + fraud + breach. Apply data localisation requirements for sensitive personal data and financial data per CBN Foreign Exchange Manual + NDPA cross-border restrictions + NITDA data localisation directives. Coordinate NDPR/NDPA alignment for personal data protection.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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