The “standard maximum amount” shall be the greater of —
(a) N2,000,000, and
(b) 2% of its annual gross revenue in the preceding financial year.
Control and Compliance Toolkits for Data Protection Regulations
The “standard maximum amount” shall be the greater of —
(a) N2,000,000, and
(b) 2% of its annual gross revenue in the preceding financial year.