The Federal Government has imposed a $220 million fine on Meta Platforms Inc., the parent company of WhatsApp, Facebook, and Instagram, for alleged violation of data privacy regulations.
The Federal Competition and Consumer Protection Commission (FCCPC) announced the penalty in a statement, citing violations under the Federal Competition and Consumer Protection Act (FCCPA) 2018 and the Federal Competition and Consumer Protection (Administrative Penalties) Regulations 2020 (APR).
FCCPC’s Acting Chief Executive Officer, Adamu Abdullahi, stated that Meta was found culpable of several infractions, including the unauthorized transfer and sharing of Nigerian data, cross-border storage violations, discrimination and disparate treatment, abuse of dominance, and tying and bundling practices.
Meta was also accused of denying Nigerian data subjects the right to self-determination regarding their personal data.
The fine underscored the Nigerian government’s commitment to enforcing data privacy laws and protecting the personal information of its citizens.
The FCCPC’s actions reflect a broader trend of increased scrutiny and regulation of tech giants over data privacy concerns worldwide.
SOURCE: LIB
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