Reps mull 20-year jail term for bank employees involved in fraud | TheCable

February 2, 2022 6:17 PM

“It is no longer news that computer fraud, which includes hacking of people’s accounts, forms part of the majority of the fraud perpetrated in our country in recent times and has consistently been on the rise,” he said. “On further research, it has also been revealed in police investigations on the activities of corrupt bank staff that the fraudsters scout for obituaries of well-to-do members of the public, use bank employees to determine the deceased’s account balance, clone their SIM cards for online transfer, and all sorts.

“In a different circumstance, bank officials suffocate and frustrate their customers for no reason because there is no framework that brings those officials to order,” he said. “If you look at it, for example, most banks that failed, the directors will simply form another bank and then they move on and then Nigeria Deposit Insurance Corporation will give people N500,000.”

“There must be restitution. An institution that accommodates somebody who can occasion fraud on a bank customer — the bank itself — should be liable to putting back the victims in a state he was before that fraud.”

HouseNGR What about corrupt politicians?

HouseNGR It's not the law only but effective laws that are implemented. There is a jail term for examination malpractice in Nigeria, how many have been jailed? Yet exam malpractice happens more than Yahoo Yahoo in Nigeria

HouseNGR How about National Assembly members involved in looting and corruption.

HouseNGR The pot should tell us it's punishment if it is proposing 20 years for Kettle for being black.

HouseNGR What about politicians who involved in corruption what is his punishment?

HouseNGR What an irony..yes stealing customers fund and stealing the whole of Nigerians money...hmmmmm...then na 40 yrs they should pass for Nigerians money...

HouseNGR And how many years are they proposing for the corrupt politicians and their minions? The appropriation of punishment should be the same across the board because if bank fraud is a problem that require such punishment what about corruption?

HouseNGR No jail term for politicians

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