On 19-Jul-2024 3458
Nigeria slams USD 220m fine on Meta for data privacy breach
Nigeria, through the Federal Competition and Consumer Protection Commission (FCCPC), has slammed a $220 million fine on Meta, part company of WhatsApp, Facebook, and Instagram, for alleged data privacy breach.
The commission, in a statement signed by Adamu Abdullahi, its acting executive chairman, on Friday, disclosed that it found Meta culpable of denying Nigerian data subjects the right to self-determine, unauthorised transfer and sharing of Nigerian data, including cross-border storage in violation; discrimination and disparate treatment, abuse of dominance, and tying and bundling.
The FCCPC said, “The Final order also imposes a monetary penalty of Two Hundred and Twenty Million U.S. Dollars only ($220,000,000.00) (at prevailing exchange rate where applicable) which penalty is in accordance with the FCCPA 2018, and the Federal Competition and Consumer Protection (Administrative Penalties) Regulations 2020 (APR).â€
Read also: Twitter ban: Dear Mr Buhari, what was the point?
A WhatsApp spokesperson said this decision will be appealed. “We disagree with both this decision and the fine and will appeal,†the spokesperson said.
Culled from NigeriaNeye
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