Laws Regulating E-Commerce in Nigeria will be briefly explicated in this article. We hope this enlightens you. Happy reading!
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As a subsector of Nigeria’s commerce, it is no gainsaying that Nigerian e-commerce needs to be regulated with laws because; the law is to humans, what the Fulani herder’s rod is to cows.
For any segment of society to be in order, there must be social control, and rules, laws, and regulations are instrumental to it.
The technological hurly-burly arising from data protection (privacy) and undue customer exploitation of commerce calls for penalties and sanctions using laws to curb conduct and also the promulgation of laws that allow social engineering to thrive without restrictions. This article will enlighten you about the laws which regulate e-commerce in Nigeria.
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The Consumer Protection Council Act, 1992 Cap C25 Laws of the Federation, 2004 is almost three decades old and the focal thrust of this legal framework is to provide a council that would play the role of a liaison in order to mediate and negotiate between customers and service providers.
In spite of the well-articulated roles and well-defined gap which this law is supposed to play and fit into, it is obvious that players in the e-commerce subsector of Nigerian commerce are not properly guided by ethics, consumers are not assured of regulated service and the government does not generate its optimum revenue from the sector.
The Evidence Act, 2011 Cap E12 Laws of the Federation of Nigeria for electronically generated evidence such as invoices, receipts, and contract documents.
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While it is not disputable that this law in itself cannot achieve the intent of standardizing e-commerce in Nigeria, there is a need to pass the Electronic commerce (Provision of Legal Recognition) Bill of 2011 to validate all e-contracts in the country.
A close look at the laws made to regulate E-commerce in Nigeria, we can say that it is not sufficient enough to hold a fast-growing subsector such as E-commerce in our country.
The law seemed to have left the regulations to technopreneurs and the other players in Nigerian E-commerce and this is not good enough.
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There is a need for the legislation to wake up and take proactive steps to ensure that the consumers’ rights are protected as profit-oriented businesses serve them and that the government generates revenue from this sector to plow into our economy.