The Nigeria Data Protection Commission (NDPC) has imposed a fine of N555,800,000 on Fidelity Bank Plc for violating data protection regulations. This significant penalty, announced by the National Commissioner of NDPC, Dr. Vincent Olatunji, underscores the Federal Government’s commitment to enforcing data protection standards across the country. Speaking at the Nigeria Data Protection (NDP) Act Read More…
Nigeria, alongside the United States, Britain, and 15 other nations, revealed an international pact aimed at ensuring the safety of artificial intelligence (AI) from malicious use. Emphasising the need for AI systems to be “secure by design,” the 20-page document focuses on urging companies involved in AI development and utilisation to prioritise public and customer Read More…
In a bid to combat terrorism financing and tackle financial crimes, the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has emphasised the urgent need for member states to prioritise the prosecution of illicit financial flows. The call came during the 2023 summit for Compliance Officers in West Africa, themed around the “Intersection Read More…
