Section 19: Exceptions to financial institutions posting and authorised options

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 employees and gives more than one access to any person or persons commits an offense and is liable on conviction to a fine of =N 1,000,000.00 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.