The issue of data breach in Financial Institutions is still an issue that has to be dealt with specifically.
The vast and comprehensive coverage of the NDPR makes it an in-depth starting point for data protection in Nigeria. It provides a solid locus for aggrieved parties to seek remedy on violation of their data rights.
The NDPR is a welcome development in view of Nigeria’s conscious efforts at being awakened to its responsibilities as regards issues of data protection. Nigeria must be applauded for imbibing universal best practices as they relate to the various principles of data protection as evidenced by the similarities existing between the NDPR and the GDPR.
There are various regulations, treaties and conventions that have been entered into at the international level that serve as laws regulating space activities. These laws are a product of international cooperation and deliberation and thereby enjoy uniform validity. Some of these international laws include:…
Nigeria’s quest to achieving a compliant data protection status capable of securing database rights and indeed all other ancillary intellectual property rights cannot be achieved overnight. Nonetheless, the above issues discussed are cardinal and must be tackled as a first step:
With the decision of Fintech giants Paypal, to restrict foreign payments into Nigeria owing to the prevalence of advanced fee frauds (Yahoo-Yahoo ) in the country, the issuance of a regulation as the NDPR which creates a sense of a protection culture must be applauded albeit with reservations as to the efficacy of its enforcement or the adequacy of its provisions to ensure a stellar data protection status in Nigeria.