Edward teller
Jail terms ranging from five to 14 years await any person found guilty of committing financial crimes through the use of mobile phones, internet and Automatic Teller Machines (ATM).
This is one of the highpoints of a Bill to prohibit fraud in all electronic transactions in the country, sponsored by Senator Ayo Arise (Ekiti North).
The Bill, which has gone through the first reading in the Senate, is entitled: 'A Bill for an Act to Provide for the Prohibition of Electronic Fraud in all Electronic Transactions in Nigeria and for other Related Matters.'
The Bill prescribes a seven-year jail term for, and in the case of second conviction, a 14-year jail term for the offence of intercepting electronic messages, e-mails and electronic money transfers
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