A person is not criminally responsible for an act or omission if, at the time of doing the act or making the omission, he is in such a state of mental disease or natural mental infirmity as to deprive him of capacity to understand what he is doing, or of capacity to control his actions, or of capacity to know that he ought not to do the act or make the omission.
The NDPA has provided a comprehensive legal framework for data protection in Nigeria. By defining key terms, principles, and obligations for data controllers and processors, the Act has set clear guidelines for the responsible handling of personal data.
The above provisions show the extent to which the SEC has gone through to ensure proper accountability and transparency of the parties involved in CIS, to guarantee their authenticity as the interest of numerous individual investors are involved. The focus should now be placed on the managers and organizers who operate CIS-related platforms in order to regulate them and ensure due process is followed in the handling of customers’ funds.
Nigeria has various domestic safety measures for the protection of investors in Nigeria all geared towards encouraging investment into the Country. These measures have been argued over the years to be inadequate, mainly owing to their lackadaisical implementation by institutions and agencies saddled with investor protection.
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