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Officials in Nigeria consider tighter laws to stop ATM fraud

September 22, 2008

The (Nigerian) Business Day:With the increase in fraud committed at ATMs, the Nigerian Senate is now considering a law to stop fraud and other Internet-related financial crimes.Penalty for culprits when the law comes to fruition is a jail term of at least five years and a maximum of 14 years.The bill passed first reading before the Senate proceeded on a two-week Sallah break.

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