Taxtech, AO2 Law Hold First Data Protection Compliance Interactive Session in Nigeria

BEVERLY HILLS, September 21, (THEWILL) – Taxaide Technologies Ltd. (Taxtech), Nigeria’s foremost Data Protection Compliance Organisation (DPCO) and Anaje Olumide Oke Akinkugbe (AO2 Law) hosted an interactive session with the central mandate of assisting organisations; public and private, comply with the strict regimen of the newly revised Nigeria Data Protection Regulation 2019 (NDPR).

The event was organised in conjunction with The National Information Technology Development Agency (NITDA) and was themed What does the NDPR portend for Organisations, Compliance and Cost Wise?

The Keynote speech was delivered by Mr. Olufemi Daniel, NDPR Desk Officer, NITDA, who stated in his speech that there was no better time for stakeholders to get a deeper understanding of the Data Protection Regulation and best practices.

He hinted that there NDPR Regulation as it stands is not as strict as the General Data Protection Regulation (GDPR) adopted in Europe and they understand it is a relatively new regulation in Nigeria.

Mr. Daniel also stressed that the NITDA’s primary concern is the compliance to the regulations. Discussions were also ongoing concerning the overlapping functions of different data regulatory bodies in the country such as the Nigerian Communications Commission (NCC) among others according to Mr. Daniel who noted that the NITDA was working with other regulators to develop synergy.

Managing Partner, AO2 Law, Mr. Chinedu Anaje addressed the need for organisations to seek redress if they are wrongfully fined by the regulators. ̈ The NITDA gives organisations an opportunity to redress in a court of law, there are numerous cases of that nature in Europe and North America. We expect there will be an increase in data breach cases in the future ̈

Panel discussions were focused on key regulations such as the application of data, data processing principles, consent, privacy policy, data security, third-party contracts, data subject rights, data transfer, transparency, penalties and more.

The highlight of the discussion with the main highlight being the Taxtech interactive session where discussions were about the NDPR which was issued by NITDA in January this year.

Other speakers during the sessions include: Professor Abiola Sanni, Chairman, Board of Directors, Taxtech, Mr. Bidemi Olumide, CEO, Taxtech, Mr. Oyeyemi Oke, Non-Executive Director Taxtech, Mr. Edward Popoola, CTO, Cowrywise, Ms. Gbeminiyi Shoda, Company Secretary VFD Group, Ms. Nkem Isiozor, Legal Manager, Intellectual Property & Technology, The Nigerian Stock Exchange and a host of other distinguished guests.

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