Section 17(a) of the FCCPC, 2019 empowers the commission to administer and enforce provisions of every Nigerian law with respect to competition and protection of consumers.
Reports show that some micro-money lenders recently formed a penchant for abuse of personal data of Nigerians and breaching their privacy.
They hack into their debtors’ phone contacts and send messages to the contacts, telling them that the debtors had defaulted in the payment of their loans.
The NITDA stated that it had received over 40 petitions from members of the public on the personal data abuse of some lending companies.
Source: Dailytrust
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