Soko Lending Company Limited (SokoLoan)

Administrative fine imposed. NITDA, 19 August 2021.

Record ID: ng-nitda-2021-0001
Jurisdiction: Nigeria
Regulator: NITDA
Type: penalty notice
Date decided: 19 August 2021
Respondent type: private
Sector: fintech
Violations: privacy invasion, unauthorised data access, customer data misuse
Provisions cited: NDPR 2019
Outcome: administrative fine imposed
Penalty: NGN 10,000,000 (≈ USD 24,000 at the decision date)
Status: final
Source: Official document ↗
Record verified: 14 March 2026

Summary

NITDA, the predecessor enforcement authority under the NDPR 2019, fined digital lender SokoLoan N10 million for privacy invasion and unauthorised access to customer data. The company was later shut down by the federal government for systematic privacy violations. This was the landmark enforcement case of the NDPR era.

DIGITAL-LENDING · DEBT-SHAMING · ADMINISTRATIVE-FINE

Cite this decision

NITDA (Nigeria), Soko Lending Company Limited (SokoLoan), penalty notice of 19 August 2021. African Data Protection Enforcement Tracker, Law Lab Africa Research, https://research.lawlab.africa/tracker/nigeria/nitda/2021/sokoloan-privacy-invasion/ (accessed 22 July 2026).

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