The National Data Protection Bureau has disclosed that it is working with the Central Bank of Nigeria , the Independent Corrupt Practices and Other Related Offences Commission , the Economic and Financial Crimes Commission the Nigerian Communications Commission and other agencies of government to investigate the activities of online financial loan companies that are currently defrauding vulnerable Nigerians using certain applications.
National Commissioner and the Chief Executive Officer of the NDPB, Mr. Vincent Olatunji, who disclosed this at a briefing organised by the Bureau in collaboration with the NCC yesterday in Abuja, however, lamented that a lot of the online loan Apps operators don’t have physical addresses thereby making it difficult for the agency to track them.
“For every crime committed online, there is somebody behind it and that fellow has a digital identity. We now have a robust digital database under NIMC,” he said. The CEO observed that the bureau wants to ensure that the laws are in tune with the global trend, stressing that the Data Protection Bill has been sent to the Federal Executive Council for deliberation, stating that it would be sent to the National Assembly as an Executive Bill if approved by the FEC.