Section 34: Dealing in card of another

A person, other than the issuer, who receives and retains possession of two or more cards issued in the name or names of different cardholders, which cards he know were taken or retained under circumstances which constitute a card theft, commits an offence and is liable on summary conviction to imprisonment for a term of 3 years or to a fine of =N1,000,000.00 and is further liable to repay, in monetary terms, the value of loss sustained by the cardholder or forfeit the assets or goods acquired with the funds from the account of the cardholder.