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Nigeria slaps $220 mn fine on Meta over violation of data protection laws

Business Standard LogoBusiness Standard7h ago

Nigeria slaps $220 mn fine on Meta over violation of data protection laws - Business Standard

Quick Summary:

A statement from Nigeria's Federal Competition and Consumer Protection Commission, or FCCPC, listed five ways that Meta violated data laws in the West African country, including by sharing the data of Nigerians without authorization, denying consumers the right to self-determine the use of their data, discriminatory practices as well as abuse of market dominance.

Nigeria's government on Friday announced a fine of USD 220 million on Meta, saying its investigations found multiple and repeated violations of the country's data protection and consumer rights laws on Facebook and WhatsApp.

"Being satisfied with the significant evidence on the record, and that Meta Parties have been provided every opportunity to articulate any position ...the Commission has now entered a Final Order, and issued a penalty against Meta Parties," FCCPC chief executive Adamu Abdullahi said in a statement.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 07:36:42 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 11 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21688709

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 185 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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