What is Data Protection?

What is Data Protection?

September 17, 2019

To understand what data protection entails it is important we know what data is all about. Data as simply expressed by the oxford dictionary can mean facts and statistics collected together for references of analysis. Data can be facts, figures, statistics, characters etc transmitted in a computer. For instance, your personal information forms your personal data or the statistics of people that view Betnaija daily is also known as data

The data protection law is the Law that regulates and guide the use of Data. The Data protection law controls the collection and dissemination of data. It can also be defined as the process of protecting sensitive data such as prevention from identity theft, safeguard of privacy, safe from loss and every unauthorised access

As a result of the recent trend where a lot of companies both private and public have migrated their business online, the need to secure Data has became paramount. Hence, the Nigeria Data Protection regulation NITDA 2019 was enacted to safeguard privacy, to ensure safe transfer of personal data, to prevent wrongful use of personal data and to ensure that Nigeria businesses remain competitive in the international market through a just and equitable legal framework on data protection. The regulation is to regulate how data should be used in Nigeria.

It is important to note that the Data protection Law defers from country to country. Although, the goal is usually similar which is to secure data legally.

 

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

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Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.
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    A limited liability company (LLC) must not have a company secretary.
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    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
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    1. Product traceability in the Nigerian market
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    4. The official SON Product Registration Logo and number are displayed on registered products.
  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
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    An industrial design is a company asset and the right to sell is in the hands of the registered owner.
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    You can start renewal 6 months to the date of expiry.
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    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 
  • Why do I need a trademark?

    You need to register your trademark because if you don’t register it, someone else can! It helps identify you as the source and indicates a consistent level of quality of your products and services. Securing a registered trademark protects your brand, and provides you with tools to prevent someone else from using similar signs and riding off the back of your business.
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