Data privacy breaches in Nigeria’s financial services sector

Introduction

The Nigeria Data Protection Commission (NDPC) serves as the primary authority for regulating data privacy in Nigeria. Together with the courts and other law enforcement agencies, the NDPC has consistently enforced compliance with the country’s data protection laws – the Nigeria Data Protection Regulation (NDPR) and the Nigeria Data Protection Act (NDPA). The NDPC has played a proactive role in establishing and monitoring data privacy standards, holding companies accountable for breaches, and applying sanctions when necessary. Its assertive stance underscores the significance of protecting personal data in Nigeria, especially as the digital economy expands and data processing becomes more integral to business operations.

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