shall
be
liable
on
conviction
to
imprisonment
for
a
term
of
not
more
than
3
years
or
to
a
fine
of
not
more
than
N3,000,000.00
or
to
such
both
fine
and
imprisonment
and
shall
further
be
liable
to
payment
in
monetary
terms
the
value
of
loss
sustained
by
the
card
holder
or
forfeiture
of
the
assets
or
goods
acquired
with
the
funds
from
the
account
of
the
cardholder.
(6)
Any
person,
other
than
the
cardholder
or
a
person
authorized
by
him,
who,
with
the
intend
to
defraud
the
issuer
or
a
creditor,
signs
a
card
commits
an
offence
and
shall
be
liable
on
conviction
to
imprisonment
for
a
term
of
not
more
than
3
years
or
a
fine
of
not
more
than
N1,000,000.00.
(7)
Any
person
who,
with
intent
to
defraud
an
issuer
or
a
creditor,
uses,
for
the
purpose
of
obtaining
money,
goods,
services,
or
anything
else
of
value,
a
card
obtained
or
retained
fraudulently
or
a
card
which
he
knows
is
forged
or
expired,
or
who
obtains
money,
goods,
services,
or
anything
else
of
value
by
representing,
without
the
consent
or
authorization
of
the
cardholder,
that
he
is
the
holder
of
a
specified
card,
or
by
representing
that
he
is
the
holder
of
a
card
and
such
card
has
been
validly
issued,
commits
an
offence
and
shall
be
liable
on
conviction
to
imprisonment
for
a
term
of
not
more
than
3
years
and
a
fine
of
not
more
than
N1,000,000.00.
(8)
(a)
Any
creditor
who,
with
intent
to
defraud
the
issuer
or
the
cardholder,
furnishes
goods,
services,
or
anything
else
of
value
upon
presentation
of
a
card
which
he
knows
is
obtained
or
retained
fraudulently
or
illegally
or
a
card
which
he
knows
is
forged,
expired,
or
revoked
commits
an
offence
and
shall
be
liable
on
conviction
to
imprisonment
for
a
term
of
not
more
than
3
years
or
a
fine
of
not
more
than
N1,000,000.00
or
to
both
such
fine
and
imprisonment.
(b)
Any
Creditor
who,
with
intent
to
defraud
the
issuer,
or
the
cardholder,
fails
to
furnish
goods,
services,
or
anything
of
value
which
he
represents
in
writing
to
the
issuer
or
the
cardholder
that
he
has
furnished
commits
an
offence
and
shall
be
liable
on
conviction
to
imprisonment
for
a
term
of
not
more
than
3
years
or
a
fine
of
not
more
than
N1,000,000.00
or
to
both
such
fine
and
imprisonment.
(c)
Any
person
who
is
authorized
by
a
creditor
to
furnish
goods,
services,
or
anything
else
of
value
upon
presentation
of
a
card
or
a
card
account
number
by
a
cardholder,
or
any
agent
or
employee
of
such
person,
who,
with
intent
to
defraud
the
issuer,
or
the
cardholder,
presents
to
the
issuer
or
the
cardholder,
for
payment,
a
card
transaction
record
of
sale,
which
sale
was
not
made
by
such
person
or
his
agent
or
employee,
commits
an
offence
and
shall
be
liable
on
summary
conviction
to
a
fine
of
not
more
than
N500,000
and
to
imprisonment
for
3
years.
(d)
Any
person
who,
without
the
creditor’s
authorization,
employs,
solicits
or
otherwise
causes
a
person
who
is
authorized
by
the
creditor
to
furnish
goods,
services
or
anything
else
of
value
upon
presentation
of
a
card
account
number
by
the
cardholder,
or
employs,
solicits
or
otherwise
causes
an
agent
or
employee
of
such
authorized
person,
to
remit
to
the
creditor
a
card
transaction
record
of
a
sale
that