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Stanbic IBTC’s privacy judgment is a warning to every brand holding customer data

On 29 July 2026, a Federal Capital Territory High Court ordered Stanbic IBTC Bank to pay N15 million in general damages to two former customers, David Ogundipe and Salami Tolulope Ibrahim.

  • Stanbic IBTC Bank ordered to pay N15 million to former customers for data misuse.
  • Court ruled consent for marketing messages expired when accounts closed and consent withdrawn.
  • Case highlights Nigeria's shift from regulator-led to judicial enforcement of data protection.

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