Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

NDPC fines Fidelity bank N555.8 million for data protection breach

News

NDPC fines Fidelity bank N555.8 million for data protection breach

Speaking at a validation meeting in Abuja, Honorable Commissioner of NDPC, Vincent Olatunji, disclosed that the bank breached the Nigeria Data Protection Act, 2023, and the Nigeria Data Protection Regulation, 2019, leading to the fine, which represents 0.1% of the bank’s annual gross revenue for 2023.

Olatunji emphasized the importance of Data Protection compliance, warning that non-compliance would be met with severe penalties, ranging from 10 million naira to 2% of an organization’s annual gross revenue.

The commissioner noted that the workshop, which validates the General Application and Implementation Directive (GAID) for the Nigerian Data Protection Act, aims to provide a guide to avoid ambiguities and ensure that everyone understands their obligations under the law.

Read another recent post here: https://classic91.net/jennifer-lopez-files-for-divorce-from-ben-affleck/

More Posts

EFCC Arrests Ex-NNPCL CFO, Others Over $7.2bn Fraud

Read More »

IPOB: No Evidence Linking Nnamdi Kanu to Terrorism After Four Years of Trial

Read More »

FAAN to Raise Tariffs, Phase Out Cash Payments in Airports

Read More »

Nigeria Ranked 3rd Strongest Military in Africa

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • The Crew
  • News
  • Contact Us
  • Advertise with Us

Classic 91.1 FM

Port-Harcourt

We are located at Megalectrics Limited, 4th Floor – Left Wing, Genesis Centre, 35, Tombia Street, GRA Phase 2, Port Harcourt. Rivers State. Nigeria

  • Abuja
  • Lagos
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • News
  • Shows
  • The Crew
  • About Us
  • Contact Us
  • Advertise with Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited