acquiring	
  the	
  substance,	
  meaning	
  or	
  purport	
  of	
  such	
  and	
  any	
  acts	
  capable	
  of	
  blocking	
  
or	
  preventing	
  any	
  of	
  these	
  functions;	
  
	
  
“Issuer”	
  includes	
  a	
  financial	
  institution	
  which	
  or	
  any	
  other	
  entity	
  who	
  is	
  authorised	
  by	
  
the	
  Central	
  Bank	
  to	
  issue	
  a	
  payment	
  card;	
  	
  
	
  
“law	
   enforcement	
   agencies”	
   -­‐	
   includes	
   any	
   agency	
   for	
   the	
   time	
   being	
   responsible	
   for	
  
implementation	
  and	
  enforcement	
  of	
  the	
  provisions	
  of	
  this	
  Act;	
  
	
  
“Minister”	
  means	
  the	
  Attorney	
  –	
  General	
  of	
  the	
  Federation;	
  
	
  
“Modification”	
   means	
   deletion,	
   deterioration,	
   alteration,	
   restriction	
   or	
   suppression	
  
of	
   data	
   within	
   computer	
   systems	
   or	
   networks,	
   including	
   data	
   transfer	
   from	
   a	
  
computer	
  system	
  by	
  any	
  means.	
  	
  
“network”	
   means	
   a	
   collection	
   of	
   hardware	
   components	
   and	
   computers	
  
interconnected	
   by	
   communications	
   channels	
   that	
   allow	
   sharing	
   of	
   resources	
   and	
  
information;	
  
	
  
“payment	
   Card”	
   means	
   any	
   instrument,	
   token,	
   device,	
   or	
   card,	
   or	
   known	
   by	
   any	
  
other	
   similar	
   name,	
   and	
   encoded	
   with	
   a	
   stated	
   money	
   value	
   and	
   issued	
   with	
   or	
  
without	
  a	
  fee	
  by	
  an	
  issuer	
  for	
  use	
  of	
  the	
  cardholder	
  in	
  obtaining	
  goods,	
  services,	
  or	
  
anything	
  else	
  of	
  value,	
  except	
  money;	
  	
  
	
  
“person”	
  includes	
  an	
  individual,	
  body	
  corporate,	
  organisation	
  or	
  group	
  of	
  persons;	
  
	
  
“President”	
   means	
   the	
   President,	
   Commander-­‐in-­‐Chief	
   of	
   the	
   Armed	
   Forces	
   of	
   the	
  
Federal	
  Republic	
  of	
  Nigeria;	
  
	
  
“Phishing”	
   means	
   the	
   criminal	
   and	
   fraudulent	
   process	
   of	
   attempting	
   to	
   acquire	
  
sensitive	
   information	
   such	
   as	
   usernames,	
   passwords	
   and	
   credit	
   card	
   details,	
   by	
  
masquerading	
   as	
   a	
   trustworthy	
   entity	
   in	
   an	
   electronic	
   communication	
   through	
   e-­‐
mails	
  or	
  instant	
  messaging	
  either	
  in	
  form	
  of	
  an	
  email	
  from	
  what	
  appears	
  from	
  your	
  
bank	
   asking	
   a	
   user	
   to	
   change	
   his	
   or	
   her	
   password	
   or	
   reveal	
   his	
   or	
   her	
   identity	
   so	
   that	
  
such	
  information	
  can	
  later	
  be	
  used	
  to	
  defraud	
  the	
  user;	
  	
  
	
  
“Purchasing	
  Forged	
  Electronic”	
  Means	
  of	
  Credit/Debit	
  Transfer	
  Instruments	
  Such	
  as	
  
Credit	
   Card,	
   Debit	
   Card,	
   Smart	
   Card,	
   ATM	
   or	
   Other	
   Related	
   Electronic	
   Payment	
  
System	
  Devices;	
  	
  
	
  
	
  
	
  “Receives”	
  or	
  “Receiving”	
  means	
  acquiring	
  possession,	
  title	
  or	
  control	
  or	
  accepting	
  a	
  
card	
  as	
  security	
  for	
  credit;	
  	
  
	
  
	
  
“Revoked	
  Card”	
  means	
  a	
  card	
  which	
  is	
  no	
  longer	
  valid	
  because	
  permission	
  to	
  use	
  it	
  
has	
   been	
   suspended	
   or	
   terminated	
   by	
   the	
   issuer,	
   whether	
   on	
   its	
   own	
   or	
   on	
   the	
  
request	
  of	
  the	
  cardholder;	
  	
  
	
  
“Service	
  provider”	
  means	
  -­‐	
  	
  

	
  

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