The EFCC Act[1]
is established to fight economic crimes within Nigeria and by far this Act has
done more than dry other law in fighting economic crimes in Nigeria.
The Act defines economic and
financial crimes” thus:
“economic and financial
crimes means the non-violent Criminal and illicit activity committed with the
objectivity of earning wealth illegally either individually or in a group… and
includes any
form of fraud, narcotic drug trafficking, money laundering, embezzlement, bribery, looting, and any form of corrupt malpractices, illegal arms deal, smuggling, human trafficking and child labour, illegal oil bunkering and… foreign exchange malpractices including counterfeiting currency, theft of intellectual property and piracy … etc."[2]
form of fraud, narcotic drug trafficking, money laundering, embezzlement, bribery, looting, and any form of corrupt malpractices, illegal arms deal, smuggling, human trafficking and child labour, illegal oil bunkering and… foreign exchange malpractices including counterfeiting currency, theft of intellectual property and piracy … etc."[2]
No doubt the above is wide enough to
accommodate some of the classes of cyber crimes listed before in this work. It
follows the Agency established under the Act[3]
is well disposed to tackle those crimes.
In the same vein, the EFCC Act which
though covering some of the aspects of cyber crimes did not contemplate such
large scale attacks against information systems. It will equally not assist
much when such crime is committed except where it could be linked with economic
or financial crime.
1 Cap. EILFN,
2004
2 Section 46.
3 The Act established the Economic and Financial Crimes Commission to
arrest and prosecute the above crimes. See section 1 of the Act. See also
sections 6 & 7 of the Act.
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