Section 14 Cybercrimes Act
Section 14 of the Nigerian Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 is about Computer related fraud. It is under Part III (Offences and Penalties) of the Act.
(1) A person who, knowingly and without authority or in excess of authority, causes 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 N7,000,000.00 or both.
(2) A 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 is 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 both.
(3) A person who with intent to defraud, franks electronic messages, instructions, superscribes any electronic message or instruction, commits an offence and is 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 both.
(4) A 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 over pay or actually short pays or over pays any employee of the Public or Private Sector, commits an offence and is 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.
(5) A person employed by or under the Authority of any Bank or other Financial Institution who, with intent to defraud, directly or indirectly diverts Electronic Mails, commits an offence and is 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 both.
(6) A Person who commits an offence Under Subsection (4) of this Section, which results in Material or Financial loss to the Bank, Financial Institution or Customer, 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.
(7) An Employee of a Financial Institution found to have connived with another Person or Group of Persons to perpetrate fraud using Computer Systems or Network, commits an offence and is 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.
