Govt to sanction firms over audit report default

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The Federal Government is set to sanction companies that failed to file their annual audit reports on data protection on or before March 15, 2020.

Nigeria Data Protection Regulation, which was created to provide a clear framework for the security and privacy of Nigerians, stated that a data controller processing the personal data of more than 2, 000 data subjects must submit a summary of its data protection audit not later than March 15.

“While many have still not filed, we will continue adopting necessary measures to improve compliance as this is beneficial to the data controller and enhances our digital economy development goals.” Olatunji added, “Organisations that have complied are mostly those entities that understand the value of regulatory compliance.

“The recent issuance of reprimand and fine on the Lagos Internal Revenue Service for breach of personal data is a case in point.”

 

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