Section 36: Use of fraudulent device or attached e-mails and websites

1 A person who, with intent to defraud, uses any device or attachment, e mail or fraudulent website to obtain information or details of a cardholder, commits an offence and is liable on conviction to imprisonment for a term of 3 years or to a fine of =N1,000,000.00 or both.

2 A person who fraudulently re-directs funds transfer instructions during transmissions over any authorised communications path or device and re-directs funds transferred electronically with an authorized account, commits an offence and, is liable on conviction to imprisonment for a term of 3 years or to a fine of =N1,000,000.00 and is further liable to pay, 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.