by TerranceBoyce
Sun Nov 16, 2014 12:56 pm
http://sunnewsonline.com/new/?p=87503
OCTOBER 23, 2014
The Senate on Thursday prescribed a penalty of seven years imprisonment was for cyber crimes and online fraud perpetrators in Nigeria as recommended.
Specifically, it is stated in the bill that anyone who commits fraud using a computer system or network with the intention of obtaining computer data, securing access to any programme, commercial or industrial secrets or classified information will upon conviction be sentenced to seven years jail term or a fine of N7 million or both.
Similarly, any person or organisation who intentionally traffics in any password or similar information through a computer unlawfully with the intention to defraud public and private interests within or outside Nigeria will be liable upon conviction to a fine of N7 million or three years imprisonment.
The bill also spells out a three-year jail term or N2 million fine for anyone who knows that a crime has been committed in his premises or cybercafe and fails to report to relevant authorities within seven days.
While the bill provides for compulsory registration of all cybercafes as business concerns with Computer Professionals’ Registration Council in addition to business name registration with the Corporate Affairs Commission, it also spells out three years jail term or a fine of N1 million for anyone who perpetrates electronic fraud through a cybercafe.
In the situation where the fraud is found to have been perpetrated in connivance with the owner(s) of the cybercafe, such owners shall be liable to a fine of N2 million or three years jail term.
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