Business News of Friday, 19 July 2024

Source: businessday.ng

Nigeria slams $220m fine on Meta for data privacy breach

Meta Meta

Nigeria, through the Federal Competition and Consumer Protection Commission, has slammed a $220 million fine on Meta, parent company of WhatsApp, Facebook, and Instagram, for alleged data privacy breach.

The commission, in a statement 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.

This is a developing story. Details later.