By Nsikak Evans

OrderPaperToday – The senate Thursday passed a bill to regulate e-commerce and protect customers in the country.

The electronic transaction bill passed third reading on the floor of the senate after a clause-by-clause consideration of the details of the legislation.

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Resuming consideration on the report of the its committee on banking, insurance and other financial institutions, senate stressed that cybercrime must be nipped in the board.

The bill sponsored by Senator Rafiu Ibrahim noted that the law world aid orderly conduct of electronic transactions in a manner that is fair especially to the customers.

President of the Senate, Bukola Saraki said there is need for e-commerce firms to look beyond seeing regulations as the compelling factor for rendering quality services to consumer.

The bill would be transmitted to the House of Representatives for possible concurrence before it can be submitted to the president for assent.



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