15.	
  

any	
  loss	
  of	
  property	
  to	
  another	
  by	
  altering,	
  erasing,	
  inputting	
  or	
  suppressing	
  any	
  data	
  
held	
   in	
   any	
   computer,	
   whether	
   or	
   not	
   for	
   the	
   purpose	
   of	
   conferring	
   any	
   economic	
  
benefits	
  on	
  himself	
  or	
  another	
  person,	
  commits	
  an	
  offence	
  and	
  is	
  liable	
  on	
  conviction	
  
to	
   imprisonment	
   for	
   a	
   term	
   of	
   not	
   less	
   than	
   3	
   years	
   or	
   to	
   a	
   fine	
   of	
   not	
   less	
   than	
  
7,000,000.00	
  or	
  both	
  fine	
  and	
  imprisonment.	
  
	
  
(2)	
   Any	
   person	
   who	
   with	
   intent	
   to	
   defraud	
   sends	
   electronic	
   message	
   materially	
  
misrepresents	
   any	
   fact	
   or	
   set	
   of	
   facts	
   upon	
   which	
   reliance	
   the	
   recipient	
   or	
   another	
  
person	
  is	
  caused	
  to	
  suffer	
  any	
  damage	
  or	
  loss,	
  commits	
  an	
  offence	
  and	
  shall	
  be	
  liable	
  
on	
  conviction	
  to	
  imprisonment	
  for	
  a	
  term	
  of	
  not	
  less	
  than	
  5	
  years	
  and	
  to	
  a	
  fine	
  of	
  not	
  
less	
  than	
  N10,000,000.00	
  or	
  to	
  both	
  fine	
  and	
  imprisonment.	
  
	
  
(3)	
  Any	
  person	
  who	
  with	
  intent	
  to	
  defraud,	
  franks	
  electronic	
  messages,	
  instructions,	
  
super	
   scribes	
   any	
   electronic	
   message	
   and	
   or	
   instruction,	
   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	
  
	
  
(4)	
  Any	
  person	
  employed	
  in	
  the	
  public	
  or	
  private	
  sector,	
  who	
  with	
  intent	
  to	
  defraud,	
  
manipulates	
  a	
  computer	
  or	
  other	
  electronic	
  payment	
  devices	
  with	
  the	
  intent	
  to	
  short	
  
pay	
   or	
   overpay	
   or	
   actually	
   short	
   pays	
   or	
   overpays	
   any	
   employee	
   of	
   the	
   public	
   or	
  
private	
   sector,	
   commits	
   an	
   offence	
   and	
   shall	
   be	
   liable	
   on	
   conviction	
   to	
   imprisonment	
  
for	
  a	
  term	
  of	
  not	
  more	
  than	
  7	
  Years	
  and	
  shall	
  forfeit	
  the	
  proprietary	
  interest	
  in	
  the	
  
stolen	
  money	
  or	
  property	
  to	
  the	
  bank,	
  financial	
  institution	
  or	
  the	
  customer.	
  
	
  
(a)	
   Any	
   person	
   employed	
   by	
   or	
   under	
   the	
   authority	
   of	
   any	
   bank	
   or	
   other	
   financial	
  
institutions	
  who	
  with	
  intent	
  to	
  defraud,	
  directly	
  or	
  indirectly,	
  diverts	
  electronic	
  mails,	
  
commits	
  an	
  offence	
  and	
  shall	
  be	
  liable	
  on	
  conviction	
  to	
  imprisonment	
  for	
  a	
  term	
  of	
  
not	
  more	
  than	
  5	
  Years	
  or	
  a	
  fine	
  of	
  not	
  more	
  than	
  N7,000,000.00	
  or	
  to	
  both	
  fine	
  and	
  
imprisonment.	
  
	
  
(b)	
   Any	
   person	
   who	
   commits	
   an	
   offence	
   under	
   subsection	
   (4)	
   above,	
   which	
   results	
   in	
  
material	
  and/or	
  financial	
  loss	
  to	
  the	
  bank,	
  financial	
  institution	
  and/or	
  customers	
  shall	
  
in	
  addition	
  to	
  7	
  years	
  imprisonment	
  be	
  liable	
  to	
  refund	
  	
  the	
  stolen	
  money	
  or	
  forfeit	
  
any	
  property	
  to	
  which	
  it	
  has	
  been	
  converted	
  to	
  the	
  bank,	
  financial	
  institution	
  or	
  the	
  
customer.	
  
	
  
(5)	
   Any	
   employee	
   of	
   a	
   financial	
   institution	
   found	
   to	
   have	
   connived	
   with	
   another	
  
person	
   or	
   group	
   of	
   persons	
   to	
   perpetrate	
   fraud	
   using	
   computer	
   system(s)	
   or	
  
network,	
   commits	
   an	
   offence	
   and	
   shall	
   be	
   liable	
   on	
   conviction	
   to	
   imprisonment	
   for	
   a	
  
term	
   of	
   not	
   more	
   than	
   7	
   years	
   and	
   shall	
   in	
   addition,	
   refund	
   the	
   stolen	
   money	
   or	
  
forfeit	
  any	
  property	
  to	
  which	
  it	
  has	
  been	
  converted	
  to	
  the	
  bank,	
  financial	
  institution	
  
or	
  the	
  customer.	
  
	
  
(a)	
   	
   Any	
   person	
   who	
   steals	
   a	
   financial	
   institutions	
   or	
   Public	
   Infrastructure	
   Terminal	
  
commits	
  an	
  offence	
  and	
  shall	
  be	
  liable	
  on	
  conviction	
  to	
  imprisonment	
  for	
  a	
  term	
  of	
  3	
  
years	
  or	
  a	
  fine	
  of	
  N1,000,000.00	
  or	
  to	
  both	
  fine	
  and	
  imprisonment.	
  
	
  

	
  

	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Theft	
  of	
  
Electronic	
  
Devices.	
  

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