The Nigeria Data Protection Commission (NDPC) has disclosed that it currently investigating 3 deposit money banks, one university, and several suspects over an alleged data breach. This was made known in a statement issued on Thursday in Abuja by Dr. Vincent Olatunji, National Commissioner of NDPC, stating that institutions under investigation are Fidelity, Guarantee Trust, Fidelity Banks, Babcock University, and Leadway Insurance, among others.
He said, “In the last few weeks, the NDPC has received complaints bothering on unlawful data processing, unauthorized access to personal data, and violation of data subjects’ rights.
“Under Part 10 of the newly signed NDPA Act 2023, a data controller with a turnover of N200 billion yearly may pay as high as N2 billion, which represents two percent of the gross revenue. Not only that, offenders also risk up to a one-year jail term.”
