Section 68: Cybersecurity Regulation by the Bank.

(1) The Bank may make regulations and issue guidelines to banks, specialised bank or other financial institutions to address cybersecurity issues in the delivery of financial or banking services.
(2) All banks, specialised bank or other financial institutions shall comply strictly with the cybersecurity regulations and guidelines made or issued by the Bank under subsection (1).
(3) Any officer of a bank, specialised bank or other financial institution who, through an action or omission, fails to comply with subsection (2) is liable to a penalty of not less than N2,000,000 and an additional penalty of N50,000 for each day during which such offence continues.