Ife Ogunfuwa reports:
Nigerians and businesses’ risk losing N2m [USD $5,556.00] or more to the government for violating the Nigeria Data Protection Regulation 2019.
The National Information Technology Development Agency made this known on Wednesday in a public notice signed by the Director-General/Chief Executive Officer, NITDA, Dr Isa Patanmi.
[…]
[Pantanmi] said the penalty for breaching this regulation in addition to any other liabilities includes “payment of the fine of two per cent of annual gross revenue of the preceding year or the sum of N10m, whichever is greater in the case of a data controller dealing with more than 10,000 data subjects.
“In the case of a data controller dealing with less than 10,000 data subjects, payment of the fine of one per cent of the annual gross revenue of the preceding year of the sum of N2m, whichever is greater.”
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