Legal Framework for the Regulation of Electronic Frauds in Nigeria

Abstract

This paper examines the current legal framework for the regulation of electronic frauds in Nigeria. Electronic frauds, no doubt, are corollaries of electronic transactions. The diverse forms of electronic transactions will be highlighted in order to identify the multifarious nature of frauds associated with such transactions. After highlighting the legal issues associated with e-transaction, relevant Nigerian statutes dealing with electronic fraud will be analysed to determine their adequacy or inadequacy taking into cognizance the position in some other jurisdictions. Recommendations will be made on how to improve observed shortcomings in the applicable statutes as well as new areas of legal intervention required to enable the country keep up with the dynamics of modern ICT.