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Stolen Atm? Possible Remedies And Other Matters Arising - Crime - Nairaland

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Man Arrested After Helping Someone Withdraw Money With Stolen ATM Card / Atm Cctv Camera Captures Photos Of A Man Who Withdrew N541K From Stolen Atm / Stolen Atm? Possible Remedies And Other Matters Arising (2) (3) (4)

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Stolen Atm? Possible Remedies And Other Matters Arising by dorofresh: 10:52am On Sep 14, 2015
With the prevalence of Atm Cards theft and cards related fraud, it becomes imperative that the public be aware of possible remedies available to victims.

Do you know that if your ATM Card is stolen you have a remedy? According to the Cybercrime (Prohibition) Prevention Act 2015, Section 15(2) states that "A person who steals an Automated Teller Machine (ATM) commits an offence and shall be liable on conviction to imprisonment for a term of not more than 7 years or a fine of not more than N10, 000,000.00 or to both fine and imprisonment. All proceeds of such theft shall be forfeited to the lawful owners of the ATM."

The said Act also makes provision for punishment of various Computer related fraud, Cyber-terrorism, Cyber stalking,Cyber squatting to mention just a few.

It is an Act that provides for the prohibition, prevention, detection, response, investigation and prosecution of cybercrimes, and for other related matters.

For those criminal elements out there, it is no longer business as usual. The Long arm of the Law awaits anyone who prides himself in atm card related fraud.

A word they say, is enough for the wise!!!

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