34.	
  

35.	
  

was	
   not	
   made	
   by	
   such	
   authorized	
   person	
   or	
   his	
   agent	
   or	
   employee	
   commits	
   an	
  
offence	
   and	
   shall	
   be	
   liable	
   on	
   conviction	
   to	
   imprisonment	
   for	
   a	
   term	
   of	
   not	
   more	
  
than	
   3	
   years	
   or	
   to	
   a	
   fine	
   of	
   not	
   more	
   than	
   N1,000,000.00	
   or	
   to	
   both	
   such	
   fine	
   and	
  
imprisonment.	
  	
  
	
  
	
  (9)	
   Any	
   person	
   who	
   with	
   intent	
   to	
   defraud,	
   possesses	
   counterfeit	
   cards,	
   invoices,	
  
vouchers,	
   sales	
   drafts,	
   or	
   other	
   representations	
   or	
   manifestations	
   of	
   counterfeit	
  
cards,	
  or	
  card	
  account	
  numbers	
  of	
  another	
  person,	
  commits	
  an	
  offence	
  and	
  shall	
  be	
  
liable	
   on	
   conviction	
   to	
   imprisonment	
   for	
   a	
   term	
   of	
   not	
   more	
   than	
   5	
   years	
   or	
   to	
   a	
   fine	
  
of	
  not	
  more	
  than	
  N3,000,000.00	
  or	
  to	
  both	
  such	
  fine	
  and	
  imprisonment.	
  	
  
	
  
(10)	
   Any	
   person	
   who	
   receives,	
   possesses,	
   transfers,	
   buys,	
   sells,	
   controls,	
   or	
   has	
  
custody	
  of	
  any	
  card-­‐making	
  equipment	
  with	
  intent	
  that	
  such	
  equipment	
  be	
  used	
  in	
  
the	
   manufacture	
   of	
   counterfeit	
   cards	
   commits	
   an	
   offence	
   and	
   shall	
   be	
   liable	
   on	
  
conviction	
  to	
  imprisonment	
  for	
  a	
  term	
  of	
  not	
  more	
  than	
  5	
  years	
  or	
  to	
  a	
  fine	
  of	
  not	
  
more	
  than	
  N7,000,000.00	
  or	
  to	
  both	
  such	
  fine	
  and	
  imprisonment.	
  	
  
	
  
(11)	
   Any	
   person	
   who,	
   with	
   intent	
   to	
   defraud	
   another	
   person,	
   falsely	
   alters	
   any	
  
invoice	
   for	
   money,	
   goods,	
   services,	
   or	
   anything	
   else	
   of	
   value	
   obtained	
   by	
   use	
   of	
   a	
  
card	
  after	
  that	
  invoice	
  has	
  been	
  signed	
  by	
  the	
  cardholder	
  or	
  a	
  person	
  authorized	
  by	
  
him,	
  commits	
  an	
  offence	
  and	
  shall	
  be	
  liable	
  on	
  conviction	
  to	
  imprisonment	
  for	
  a	
  term	
  
of	
  not	
  more	
  than	
  3	
  years	
  or	
  to	
  a	
  fine	
  of	
  not	
  more	
  than	
  N5,000,000.00	
  or	
  to	
  both	
  	
  such	
  
fine	
  and	
  imprisonment.	
  	
  
	
  
(12)	
  Any	
  institution	
  that	
  makes	
  available,	
  lends,	
  donates,	
  or	
  sells	
  any	
  list	
  or	
  portion	
  of	
  
a	
  list	
  of	
  cardholders	
  and	
  their	
  addresses	
  and	
  account	
  numbers	
  to	
  any	
  person	
  without	
  
the	
   prior	
   written	
   permission	
   of	
   the	
   cardholder(s),	
   commits	
   an	
   offence	
   and	
   shall	
   be	
  
liable	
  on	
  conviction	
  to	
  a	
  fine	
  of	
  N10,000,000.00.	
  
	
  
(13)	
   An	
   institution	
   may	
   make	
   available	
   to	
   the	
   Central	
   Bank	
   of	
   Nigeria	
   or	
   a	
   licensed	
  
credit	
   bureau,	
   which	
   seeks	
   to	
   determine	
   only	
   the	
   cardholder’s	
   rating,	
   any	
   list	
   or	
  
portion	
  of	
  a	
  list	
  of	
  any	
  cardholder	
  and	
  their	
  addresses	
  without	
  the	
  permission	
  of	
  the	
  
cardholder,	
  but	
  must	
  within	
  7	
  working	
  days,	
  give	
  notice	
  in	
  writing	
  of	
  the	
  disclosure	
  to	
  
the	
   cardholder.	
   Such	
   institution	
   which	
   fails	
   to	
   comply	
   with	
   the	
   requirement	
   to	
   notify	
  
the	
  cardholder,	
  commits	
  an	
  offence	
  and	
  shall	
  be	
  liable	
  on	
  conviction	
  to	
  a	
  fine	
  of	
  not	
  
more	
  than	
  N1,000,000.00.	
  
	
  
Any	
   person,	
   other	
   than	
   the	
   issuer,	
   who	
   receives	
   and	
   retains	
   possession	
   of	
   two	
   or	
  
more	
   cards	
   issued	
   in	
   the	
   name	
   or	
   names	
   of	
   different	
   cardholders,	
   which	
   cards	
   he	
  
knows	
   were	
   taken	
   or	
   retained	
   under	
   circumstances	
   which	
   constitute	
   a	
   card	
   theft	
  
commits	
  an	
  offence	
  and	
  is	
  liable	
  on	
  summary	
  conviction	
  to	
  3	
  years	
  imprisonment	
  or	
  
to	
  a	
  fine	
  of	
  one	
  N1,000,000.00and	
  shall	
  further	
  be	
  liable	
  to	
  repayment	
  in	
  monetary	
  
terms	
   the	
   value	
   of	
   loss	
   sustained	
   by	
   the	
   cardholder	
   or	
   forfeiture	
   of	
   the	
   assets	
   or	
  
goods	
  acquired	
  with	
  the	
  funds	
  from	
  the	
  account	
  of	
  the	
  cardholder.	
  
	
  
Any	
   person	
   other	
   than	
   an	
   issuer	
   or	
   their	
   authorized	
   agent	
   who	
 �� sells	
   a	
   card	
   or	
   a	
  
person	
  who	
  buys	
  a	
  card	
  from	
  a	
  person	
  other	
  than	
  an	
  issuer	
  or	
  their	
  authorized	
  agent	
  

	
  

Dealing	
  in	
  Card	
  
of	
  Another.	
  
	
  

Purchase	
  or	
  Sale	
  
of	
  Card	
  of	
  
Another.	
  

Select target paragraph3