La Nigerian Data Protection Commission (NDPC) reported on Thursday, August 22, last Thursday, August 22, that the Nigerian Data Protection Agency has fined Fidelity Bank representing 0 .1% of its 2023 revenue, or $358,580, for violating data laws when opening a customer account.

The NDPC asked Fidelity Bank to pay the equivalent of 555,800,000 naira ($358,580.65) within fourteen days for illegally collecting personal data in order to open an account for a customer following an investigation. and which started in April 2023. This is the largest fine imposed by the NDPC on an entity for a data breach. But, Fidelity Bank said in a statement that it did not violate any laws because there was no data breach, and that it did not complete the account opening process for the anonymous customer, whose complaint triggered the NDPC investigation