₦airaland Forum

Very heartless people

ional Information Technology Development Agency (NITDA) has imposed a N10 million fine on Soko Lending Company Limited, also known as Soko Loans, for privacy invasion.

NITDA announced the punitive measure via its website on Tuesday, saying it reached the decision after receiving multiple complaints against the company for its failure to protect user data as well as defaming its subscribers.

The regulatory body said a complaint from Bloomgate Solicitors on behalf of its client in 2019 prompted it to carry out an investigation. It said the investigation showed that complainants’ contacts had received messages alleging theft and fraud of the user who had failed to repay his debt.

“The Agency made strident efforts to get Soko Loans to change the unethical practice but to no avail,” NITDA said, “After the Agency’s investigation team secured a lien order on one of the company’s accounts by which it could come up with privacy enhancing solutions for its business model, Soko Loans decided to rebrand and direct its customers to pay into its other business accounts.”

Other revelations from the investigation included trackers being embedded in the mobile devices of the users. These trackers share the users data with third parties without notifying the users about it.

Soko Loans, in terms and conditions, grants its customers loans without collateral and lengthy paperwork. The user can then download the mobile application on their phone and activate a direct debit in the company’s favour. However, accepting the terms and conditions of the app gives the company access to the users phone contacts.

The statement, signed by NITDA’s head of external relations, Hadiza Umar, places criminal liability on Soko Loans for breach. “It may be noted that the criminal aspects of this investigation has been deposited with the Nigeria Police to determine if the executives of the company are liable to imprisonment for violating Section 17 of the NITDA Act, 2007,” the regulatory body said.

https://gazettengr.com/nitda-fines-soko-loans-n10-million-for-unsolicited-messages-to-loan-defaulters-phone-contacts/

[quote author=nairavsdollars post=104906805]By who?

Says me..Someone who worked against GEJ

Amechi will be dump soon...

Mr Reno,international politics is very complex than you think .stop rushing to conclusion

Counter terrorism is not the same as counter insurgency or nation building.. Afghan president should be arrested

So Afghans expect USA soldiers to stay forever?

Rest in peace man

Afghanistan will soon be a testing ground for world powers

[quote author=proxillin post=104820367]biden is a disgrace to america

Afghans should protect themselves

The president is Taliban sympathizer,no resistance at all

[quote author=Bigman101 post=104811235]That was her I saw her initial coz she look like one but as time progress ,things change
Things changed because you allowed it

See her as your blood sister

[quote author=Elmaaq post=104774234]this has gone beyond thinking

In one month they'd have taken the country
My worry is how did they pull it off? What has the us army been doing? They have troops in the country and in the region why didn't they stop it besides All their intelligence and they didn't see this coming?
Something doesn't add up ....
US intentionally abandon Afghan,Havr you seen Taliban attacking foreign troops?

Do you think Taliban will be able to control provinces captured so far?
If care is not taken ,civil war is inevitable in Afghanistan

[quote author=wordcat post=104761643]Ajasco,

Papa Ajasco,

Mama Ajasco,

Boy Alinco,

Pa James,

Pa Jump

I don forget that lady name
Miss Pepeye

The first law of life is law of survival ...

If I hear

[quote author=MeghaneMorgane post=104537650]I’ll give it a try. Though it’s not my thing.
Try it
Read books as well

[quote author=Iamdbull post=104537929]That's the problem can't cope with his presence any more

Then tell him your landlord is complaining about his presence in your house

Ask him when he's living..Although you should have agreed on this from the onset

I would have recommended video game..

The word immorality is subjective..If you don't like the show,why not block it from your decoded.Not everybody is religious

SiNgLe

May his soul rest in peace

One chance virus

My his soul rest in peace

Buni led caretaker committee is unknown to the law

This is inconsequential

[quote author=BKayy post=104403148]The president ran away. Only few UN/US imposed politicians are still hiding in Kabul using brainwashed/Westernised traitors as human shield.
The real Afghanistanis that know who they are have since surrendered to Taliban without a fight
Not all Afghans are in support of Taliban
Time will tell though

[quote author=BKayy post=104403148]The president ran away. Only few UN/US imposed politicians are still hiding in Kabul using brainwashed/Westernised traitors as human shield.
The real Afghanistanis that know who they are have since surrendered to Taliban without a fight .
Taliban has upper hand in rural area...
Taliban is like bandits in Nigeria

I don't think Taliban will take over anytime soon.Afgan government is still in control of major cities