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BENEFIT FRAUD
BETTING FRAUD
BOGUS TRADESMEN FRAUD
BOILER ROOM/SHARE SALE/HEDGE FUND/BOND FRAUD
2. Nigeria Police Force
| S/N |
TYPES OF FRAUD |
DESCRIPTION |
RECOMMENDED RESPONSE |
| 12 |
BENEFIT FRAUD |
An individual obtains a benefit of any kind by giving false information. |
Report to:
1. Financial institution
2. PENCOM
3. Economic and Financial Crimes Commission
4. Nigeria Police Force |
| 13 |
BETTING FRAUD |
A person represents himself as one who has inside information on gambling, whereas he doesn’t. |
Report to:
1. Nigeria Police Force
2. Economic and Financial Crimes Commission
3. National Lottery Commission |
| 14 |
BOGUS TRADESMEN FRAUD
|
The salesmen put undue pressure and use clever tactics for their customers to purchase goods and services that don’t have value for money. |
Report to:
1. Federal Ministry Of Industry Trade and Investment.
2. Nigeria Police Force |
| 15 |
BOILER ROOM/SHARE SALE/HEDGE FUND/BOND FRAUD |
The fraudster presents himself as a stockbroker and pressurizes the individual to purchase shares promising them that it has high value, when in reality such shares do not exist or if they do, they are worthless. |
Report to:
1. The Securities and Exchange Commission (SEC) |
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