School of Law

Research Student: Adekemi Omotubora

Electronic Payments, Electronic Commerce and Development: A Comparative Study of the Legal Frameworks for Security and Privacy in Electronic Payment Systems in Nigeria and the UK

The world is gradually moving towards the post-currency era where private money and electronic payments will be the dominant medium of exchange. The prime mover of this system will be innovativeness in payment systems, the internet, and the growth of e-commerce. E-payment systems are therefore significant because they are capable of fostering a culture of global interdependence, competiveness and networking; which are necessary components of global integration and development. However, the development of e-payment is threatened by fraud, particularly on the internet where much commerce, banking and fund transfer activities now take place.

My research focuses on how law and regulation has responded to the threats posed to e-payment systems by the internet. My main research question is; to what extent has the Nigerian law evolved to meet the challenges of payment frauds in the online environment?

My research will involve the following:

  • an examination of the legal and regulatory frameworks on consumer electronic payment systems in Nigeria;
  • an investigation into the relevance of privacy and data protection laws as well as the criminal law in protecting users and consumers of e-payment systems;
  • a comparative study of law and regulation on protection from e-payments fraud in Nigeria and the UK.

The Objective of the research is to provide an understanding of the legal and policy issues which impact on the effective control of electronic payments fraud in Nigeria. The findings of my research will enhance the acceptance of e-payments in Nigeria and correspondingly the development of e-commerce.

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