The Federal Competition and Consumer Protection Commission (FCCPC) has reiterated the importance of consumer data protection, warning that financial institutions will be held accountable for any breach of customer information.
This comes as part of the Commission’s broader effort to enforce compliance and protect consumer rights in Nigeria’s financial sector.
In a statement posted on its official X handle on Friday, the FCCPC said the roundtable discussion was geared towards equipping banking stakeholders with essential compliance knowledge and also to strengthen self-regulation, enhance consumer protection, and address industry-specific challenges.