CHAPTER ONE 1.0 OBJECTIVES The objectives of this Regulation are as follows: a) to safeguard the rights of natural persons to data privacy; b) to foster safe conduct of transactions involving the exchange of personal data; c) to prevent manipulation of personal data and d) to ensure that Nigerian businesses remain competitive in international trade; through the safeguards afforded by a just and equitable legal regulatory framework on data protection and which regulatory framework is in tune with global best practices 1.2 SCOPE OF THE REGULATION a) this Regulation applies to all transactions intended for the processing of personal data and to actual processing of personal data notwithstanding the means by which the data processing is being conducted or intended to be conducted and in respect of natural persons in Nigeria; b) this Regulation applies to natural persons residing in Nigeria or residing outside Nigeria but of Nigerian descent and c) this Regulation shall not operate to deny any Nigerian or any natural person the privacy rights he is entitled to under any law, regulation, policy, contract, for the time being in force in Nigeria or in any foreign jurisdiction. 1.3 DEFINITIONS In this Regulation, unless the context otherwise requires: a) “Act” means the National Information Technology Development Agency Act of 2007; b) “Computer” means Information Technology systems and devices, whether networked or not; c) ‘Consent’ of the data subject means any freely given, specific, informed and unambiguous indication of the data subject's wishes by which he or she, by a statement or by a clear affirmative action, signifies agreement to the processing of personal data relating to him or her; 4