The cyber security advocacy group, said that assenting to the bill becomes very crucial at the moment, when cyber criminals are becoming very daring, innovative and are seen destroying economies with just a click of the mouse.
The Electronic Transaction Bill is a bill that provides for the validity of contracts expressed in electronic forms, matters relating to evidence, security of online transactions, electronic signatures, disclosure of information, protection of personal data, and protecting the rights of consumers.
Mr. Remi Afon, president of CSEAN, explained that the bill, which has been sitting on the President’s desk for some time now, will protect Nigerians in their financial transactions when finally signed into law.
Apart from protecting the majority of Nigerians in their financial dealings, the bill will also protect the banks and their infrastructure, as they can leverage it to prosecute cases and make claims.
He said the time has come when the government would show great seriousness in ensuring that Nigerians are protected in their financial transactions
He said: “As an advocacy group, we are calling on the President to assent to the Electronic Transaction Bill, as it will provide a legal and regulatory framework for conducting transactions using electronic or related media, and for the protection of the rights of consumers including the facilitation of electronic commerce in Nigeria.”