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Banks, Institutions Pay Over N200m Fines for Exposing Privacy Rights of Nigerians

Posted on June 20, 2023 by Dissent

Victor Enengedi reports:

A total sum exceeding N200 million has been collected by the Federal Government from at least seven banks and various other institutions. The Federal Government collected these payments from these financial institutions as a consequence of their infringement upon the data privacy rights of Nigerian citizens.

Read more at Legit.

(If I’m doing the conversion correctly, 200 million Nigerian naira is USD $289,683.80)

Category: Commentaries and AnalysesFederalFinancial SectorNon-U.S.

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