Court Fines Stanbic IBTC N15m for Illegal Customer Data Processing, Orders Data Deletion

A High Court of the Federal Capital Territory has ordered Stanbic IBTC Bank to pay N15 million in damages for unlawfully retaining and processing the personal data of two former customers after they terminated their banking relationship.The judgment, delivered on July 29, 2026, by Justice Kayode Agunloye, also directed the bank to erase all personal data relating to the claimants that it is not legally required to retain and restrained it from further processing or using their information for marketing purposes.The suit, marked CV/2190/25, was instituted on June 10, 2025, by David Ogundipe and Salami Tolulope Ibrahim, who sought enforcement of their rights under the Nigeria Data Protection Act (NDPA) 2023, Section 37 of the 1999 Constitution, and the Federal Competition and Consumer Protection Act (FCCPA) 2018.