FCCPC Unmoved by WhatsApp’s Exit Threat Over $220m Fine

11 Aug 2024

The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed claims that its recent $220 million fine on WhatsApp could drive the platform out of Nigeria. The FCCPC stated that WhatsApp's threat to exit the country aims to sway public opinion and pressure the commission to reconsider its decision. This follows a report indicating WhatsApp’s potential withdrawal from Nigeria due to the fine, which WhatsApp says would make it impossible to operate without Meta's infrastructure.

As of February 2024, 51 million Nigerians use WhatsApp. In July, the FCCPC accused Meta, WhatsApp’s parent company, of data privacy violations, including unauthorized data sharing and abuse of dominance. The fine followed a 38-month investigation by the FCCPC and the Nigeria Data Protection Commission (NDPC).

The FCCPC emphasized that its actions were driven by consumer protection and data privacy concerns, and it expects Meta to comply with local standards. The commission noted that similar regulatory measures are enforced in other countries without companies exiting those markets.

Meta is appealing the fine, citing 22 reasons for its challenge, including vague directives and procedural errors. Babatunde Irukera, former FCCPC chairman, pointed out that Meta has faced and settled larger fines in other jurisdictions without threatening to leave those markets.

Play audio


Share:

Comments

No comments

Add your comment

Search Blog

Recent Posts

Why Most Nigerian MSMEs Don’t Survive 5 Years — And What Can Be Done About It Segun AsegunIn Nigeria, over 80 percent of micro,...
How To Build Your Own Generative AI Toolkit To Stay Ahead At Work If you are waiting for your company to adopt AI,...
SA Agritech Startup Nile Secures $11.3 Million to Expand Digital Trading for Farmers South African agritech innovator Nile has announce...
The Rise of No-Code Platforms: Democratizing Startup Development Technology has traditionally been a significant&nb...

Related Post

Meta Plans to invest $10bn in Scale AI
Meta Platforms Inc. is set to make a major move in the artificial intelligence s...
New U.S.-Nigeria Trade Deal Could Accelerate Investment in Nigerian Startups
A new trade agreement between the United States and Nigeria could serve as a cat...
Tech Firm Gains Global Certifications to Boost Nigeria’s IT Ecosystem
OdumareTech, a fast-growing Nigerian technology training company, has achieved a...
Logo

Accelerating the growth of Africa's tech ecosystem