18.	
  

19.	
  

offence	
  and	
  	
  shall	
  be	
  liable	
  on	
  conviction	
  to	
  imprisonment	
  for	
  a	
  term	
  of	
  	
  not	
  more	
  
than	
  7	
  years	
  or	
  a	
  fine	
  of	
  not	
  more	
  than	
  N10,000,000.00	
  or	
  to	
  both	
  fine	
  and	
  
imprisonment.	
  	
  
	
  
	
  (2)	
   The	
   following	
   transactions	
   shall	
   be	
   excluded	
   from	
   the	
   categories	
   of	
   contractual	
  
transactions	
  or	
  declarations	
  that	
  are	
  valid	
  by	
  virtue	
  of	
  electronic	
  signature:	
  	
  
	
  
(a)	
  creation	
  and	
  execution	
  of	
  wills,	
  codicils	
  and	
  or	
  other	
  testamentary	
  documents;	
  
	
  
(b)	
  Death	
  certificate;	
  
	
  
(c)	
  Birth	
  certificate;	
  	
  
	
  
(d)	
  matters	
  of	
  family	
  law	
  such	
  as	
  marriage,	
  divorce,	
  adoption	
  and	
  other	
  related	
  
issues;	
  	
  
	
  
(e)	
  issuance	
  of	
  court	
  orders,	
  notices,	
  official	
  court	
  documents	
  such	
  as	
  affidavit,	
  
pleadings,	
  motions	
  and	
  other	
  related	
  judicial	
  documents	
  and	
  instruments;	
  	
  
	
  
(f)	
  any	
  cancellation	
  or	
  termination	
  of	
  utility	
  services;	
  	
  
	
  
(g)	
   any	
   instrument	
   required	
   to	
   accompany	
   any	
   transportation	
   or	
   handling	
   of	
  
dangerous	
  materials	
  either	
  solid	
  or	
  liquid	
  in	
  nature;	
  
	
  
(h)	
  any	
  document	
  ordering	
  withdrawal	
  of	
  drugs,	
  chemicals	
  and	
  any	
  other	
  material	
  
either	
  on	
  the	
  ground	
  that	
  such	
  items	
  are	
  fake,	
  dangerous	
  to	
  the	
  people	
  or	
  the	
  
environment	
  or	
  expired	
  by	
  any	
  authority	
  empowered	
  to	
  issue	
  orders	
  for	
  withdrawal	
  
of	
  such	
  items.	
  
	
  
(1)	
   Any	
   person	
   that	
   accesses	
   or	
   causes	
   to	
   be	
   accessed	
   any	
   computer	
   or	
   computer	
  
system	
   or	
   network	
   for	
   purposes	
   of	
   terrorism,	
   commits	
   an	
   offence	
   and	
   is	
   liable	
   on	
  
conviction	
  to	
  life	
  imprisonment.	
  
	
  
	
  (2)	
  For	
  the	
  purpose	
  of	
  this	
  section,	
  “terrorism”	
  shall	
  have	
  the	
  same	
  meaning	
  under	
  
the	
  Terrorism	
  (Prevention)	
  Act,	
  2011,	
  as	
  amended.	
  
	
  
(1)	
   From	
   the	
   commencement	
   of	
   this	
   Act,	
   no	
   financial	
   institution	
   shall	
   give	
   posting	
  
and	
  authorizing	
  access	
  to	
  any	
  single	
  employee.	
  	
  
	
  
(2)	
  Any	
  person	
  or	
  persons	
  authorized	
  to	
  give	
  access	
  to	
  computer	
  to	
  employees	
  and	
  
gives	
   more	
   than	
   one	
   access	
   to	
   any	
   person	
   or	
   persons	
   is	
   guilty	
   of	
   an	
   offense	
   and	
   is	
  
liable	
  to	
  payment	
  of	
  a	
  fine	
  of	
  One	
  Million	
  Naira	
  or	
  Seven	
  years	
  imprisonment	
  or	
  both.	
  	
  
	
  
	
  (3)	
  Financial	
  institutions	
  must	
  as	
  a	
  duty	
  to	
  their	
  customers	
  put	
  in	
  place	
  effective	
  
counter-­‐fraud	
  measures	
  to	
  safeguard	
  their	
  sensitive	
  information,	
  where	
  a	
  security	
  
breach	
  occurs	
  the	
  proof	
  of	
  negligence	
  lies	
  on	
  the	
  customer	
  to	
  prove	
  the	
  financial	
  
institution	
  in	
  question	
  could	
  have	
  done	
  more	
  to	
  safeguard	
  its	
  information	
  integrity.	
  

	
  

	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Cyber	
  Terrorism.	
  
	
  

Exceptions	
  to	
  
Financial	
  
Institutions,	
  
Posting	
  and	
  
authorized	
  
options.	
  

	
  

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