NITDA slams ₦5m fine on Electronic Settlement over data breach

 


NITDA



The National Information Technology Development Agency, NITDA, has ordered a data controller, Electronic Settlement Limited to pay the sum of N5 million as fine for certain breaches on personal data entrusted to the company.

NITDA said its action was in accordance with the requirements of the National Data Protection Regulation, NDPR.

The agency also directed the company to conduct Data Protection Impact Assessment on some  of its data-intensive applications and products.

Electronic Settlement Limited,  ESL is an indigenous payments company which claims to have the capacity to revolutionise the payment industry in Nigeria.

NITDA explained that the investigative process that led to the fine, involved an analysis of the company’s applications and websites; visit to the company’s office in Lagos, review of its technical documents as submitted to the Agency and interrogation of its officials by NITDA investigation team in Abuja.

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