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PROJECT TOPIC: CRITICAL APPRAISAL OF THE NIGERIAN LAW ON ELECTRONIC TRANSACTIONS

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ABSTRACT

Electronic transactions, commonly known as E-commerce, involves the activity of buying and selling goods and services over electronic systems such as the internet or other computer networks or through other electronic means.The rapid development of technology in Nigeria in the 21st century has transformed the traditional modes of conducting business transactions in the country. The central aim of this study is to appraise the laws on electronic transactions in Nigeria. This shall be achieved by examining the concept of electronic transactions, the advent of electronic means of transacting business to replace the manual modes of transacting business in Nigeria as well as the major impacts and challenges of electronic transactions in Nigeria. This study shall further examine the prevalent means by which transactions are conducted electronically in Nigeria and the Nigerian legislations, including certain relevant international laws that are in place to regulate electronic transactions relying on references from textbooks and online resources.This study finds that there is no principal legislation regulating the conduct of electronic transactions in Nigeria which has been adopted by majority of the Nigerian population including businesses. There are, however, scanty provisions in a number of Nigerian laws which regulate majorly offenses arising from such electronic transactions. This study therefore advocates for the enactment of a comprehensive law on electronic transactions in Nigeria, fashioned after legislations on electronic transactions in other jurisdictions and relevant conventions to cover every aspect of electronic transactions and prescribe standards to structure the order of electronic transactions in Nigeria.


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