Lagos, Nigeria — October 26, 2025. Vesti Technology Solutions Inc., a global fintech company, has denied allegations that it unlawfully disclosed a user’s financial transactions and violated privacy laws. The company, represented by its solicitors, Bonajo Badejo & Co., has issued a formal response to a demand letter, clarifying the circumstances surrounding the complaint and asserting its position in what is becoming a significant legal and reputational dispute.
According to the user’s claims, Vesti allegedly shared confidential financial transaction details without consent, resulting in reputational and privacy harm. Through legal representation, the complainant is seeking damages for what is described as a breach of both contractual obligations and data protection statutes.
In its official response, Vesti categorically denied any wrongdoing, emphasizing that its platform operates under robust privacy safeguards and within the framework of user consent and applicable laws. The company maintains that all user information was processed in line with its terms of service and the provisions of the Nigeria Data Protection Act (NDPA).
Vesti explained that the user had conducted a series of financial transactions on its platform and later made public posts on social media referencing those transactions. The company asserts that its own responses were limited to clarifying procedural issues and did not involve disclosing any confidential or non-public information.
“Vesti remains fully compliant with all data protection obligations,” the statement reads. “Our communications with the user were undertaken in good faith and strictly within the limits of lawful processing and user consent.”
The company further argued that much of the information at issue had already been voluntarily disclosed by the user on public channels, and that Vesti’s engagement was an attempt to maintain transparency and resolve customer concerns responsibly.
In rejecting the user’s demand for compensation, Vesti has also raised counter-demands, including a formal retraction and public apology citing reputational harm resulting from what it describes as misleading and defamatory claims. The company has reserved the right to pursue appropriate legal remedies if the matter cannot be resolved amicably.
Vesti reiterated its broader commitment to transparency, privacy, and compliance, assuring users that the company remains focused on protecting customer data and upholding trust in its digital ecosystem.
“As a technology firm that serves global users, we recognize the importance of user confidence and ethical data handling,” the company stated. “We continue to align our processes with international standards of privacy and digital governance.”
Founded to serve migrants and entrepreneurs with cross-border financial tools, Vesti has positioned itself at the intersection of fintech innovation and digital inclusion, operating across multiple markets in Africa and North America.
While the current dispute underscores growing legal attention on data protection within Nigeria’s emerging fintech landscape, industry observers note that such cases may also serve as a test of compliance maturity under the recently enacted Nigeria Data Protection Act.
Vesti has called for a measured and lawful resolution to the dispute, reaffirming that it remains committed to fostering innovation built on trust, transparency, and user empowerment.