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The enforcement exercise was personally led by Babatunde Irukera, the then executive vice-chairman of the commission, who said there was a need to bring the loan apps into the regulatory framework.
The Nigeria Data Protection Commission (NDPC) announced that it is investigating more than 400 instances of privacy violations linked to digital loan
The Nigeria Data Protection Commission has said it is investigating over 400 cases of privacy breaches involving online loan apps.
Commenting on a move to sanction more erring apps, Irukera stated, “Compliance with the guidelines is mandatory for all DMLs regardless of whether they intend to be placed on Playstore, operate by APK file formats or any other means for that matter. Failure to comply with the Guidelines is a violation of law and renders any such operation illegal.
All Loan Apps Should Be Forced To Register Wityh CBN, FCCPC