INTERNET & CYBER CRIME
The issue of internet crime has become a big source of worry to many Nigerians and stakeholders in the country as the affairs of the internet criminals are on increase, and we are doing everything possible to bring those engaging in this ugly business to book, and we are equal to the task and ready for your instruction.
Cyber crime is known as crimes in which computer, phone and other internet accessible objects are used as a tool to commit an offense. Offender may use computer technology to access personal or commercial information, or use internet for exploitation or malicious purposes.
Nigeria has shown a growing awareness of the need to strengthen cyber security. It initiated the registration of GSM users in 2011, and in 2014 the Central Bank Of Nigeria (CBN) launched a centralised biometric identification system for banking industry, tagged Bank Verification Number (BVN).
The Cyber crime Act, 2015 is the first legislation in Nigeria that deals specifically with cyber security. The Act recognises the role of financial institutions as stakeholders in the cyber security framework and the term 'Finamcial institution' is defined to include: ''any individual, body, association, or group of persons, whether corporate or unincorporated which carries on business of investment and securities, a discount house, finance company and money brokerage, insurance institutions, debt factorisation and conversion firms, dealers, clearing and settlement companies, legal practitioners, hotels, casinos, bureau de change, supermarkets and such other businesses as the Central Bank or appropriate regulatory authorities may, from time to time designate"
The principal responsibility placed on the financial institutions are contained in Part IV of the Act. And section 37(1) also places a duty to verify the identity of the person carrying on electronic financial transactions.
