NDPC probes loan operators for alleged data privacy breaches
The Federal Government is investigating certain loan operators over alleged misuse of customers’ personal data. Vincent Olatunji, National Commissioner of the Nigeria Data Protection Commission, revealed that some lenders have accessed borrowers’ contacts and shared images without consent. He emphasized the importance of public awareness and urged Nigerians to carefully review loan agreements. The NDPC is also investigating companies like Sterling Bank, Remita, and Temu for possible privacy violations.
TLDR
- Vincent Olatunji said some loan operators are being investigated for breaching data privacy.
- Violations include accessing borrowers’ contacts, sharing images without consent, and sending threatening messages.
- The NDPC stresses that digital lenders must comply with privacy laws and obtain proper licensing.
- Agencies like the Federal Competition and Consumer Protection Commission and the Central Bank of Nigeria are involved in regulating the sector.
- Investigations into Sterling Bank, Remita, and Temu are ongoing, with due process being followed.
