Section 19 Cybercrimes Act
Section 19 of the Nigerian Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 is about Exceptions to financial institutions posting and authorised options. It is under Part III (Offences and Penalties) of the Act.
(1) From the commencement of this Act, no Financial Institution shall give posting and authorising access to any single employee.
(2) A Person or Persons authorised to give access to Computer to authorized employees and gives more than one access to any person or persons commits an offense and is liable on conviction to a fine of N1,000,000.00 or 7 years imprisonment or both.
(3) Financial Institutions shall, 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.
