The federal government has commenced an investigation into the activities of alleged data breaches at Meta, DHL, and Opay.
If any of these companies are found guilty of data breaches, they will forfeit 2% of their annual gross revenue to the government.
This development comes after a series of complaints were submitted against these firms by Nigerians over violations of data subject’s rights.
The Nigeria Data Protection Commission (NDPC) opened the investigations after complaints of data breaches surged.
According to the NDPC, this is going to be the second time the commission will be investigating the activities of some firms, banks, and universities over the issues of alleged data infractions.
During the presentation of the Nigerian Data Protection Act, 2023, the National Commissioner of the NDPC, Dr. Vincent Olatunji, warned the general public that data infractions will attract penalties that are by the law.
He said the commission will not hesitate to "safeguard the integrity of Nigeria's data economy ecosystem."
He warned data controllers and processors against violating the Data Act—he insisted that CEOs of ministries, departments, and agencies of government would be held accountable for data infractions.
Read more: https://www.investingport.com/meta-dhl-and-opay-under-investigation-for-alleged-data-breach/