Three banks commercial banks, a university and other suspects are currently under investigation by the Nigeria Data Protection Commission (NDPC) over alleged data breach.
A data breach, an unauthorised access to confidential information is an offence punishable under Nigerian extant laws.
The NDPC listed Zenith, Fidelity, Guarantee Trust Banks, Babcock University, Leadway Insurance, and others as the organisations who may be guilty of the interaction.
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The National commissioner of NDPC, Vincent Olatunji, in a statement on Thursday, said the investigation was birthed after complaints from data subjects.
Olatunji said with the new Nigerian Data Protection Act (NDPA), the commission has the legal backing to address issues of citizens’ data breaches.
“In the last few weeks, the NDPC has received complaints bordering on unlawful data processing, unauthorised access to personal data and violation of data subjects’ rights,” Olatunji said.
Continuing, he said:
“Under Part 10 of the newly signed NDPA 2023, a data controller with a turnover of N200 billion yearly may pay as high as N2 billion, which represents two per cent of the gross revenue.”
“Not only that, offenders also risk up to one-year jail term. We are currently investigating Guarantee Trust Bank, Fidelity, Unity, Zenith banks, Leadway Insurance and Babcock University, among others, for data breach.”
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