A LITTLE MORE WORLD. A LOT LESS EFFORT.111 editorial sources NOVEMBER 2, 2026
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Reps propose N500m fine for illegal data transfers

A bill before the House of Representatives has proposed a 10-year prison term and a minimum fine of N500m for anyone who transfers strategic payment transaction data outside Nigeria without regulatory authorisation. The proposed legislation, exclusively obtained by The PUNCH, also seeks to compel banks, financial technology companies, payment service provide

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