This is done by making institutions make investments through offers that are too good to be true.
Report to:
1. Federal Ministry Of Industry Trade and Investment.
2. Nigeria Police Force
3. Economic and Financial Crimes Commission
69
INSURANCE BROKER SCAM
When an individual obtains by fraudulently misrepresenting information. The victims later find out that he/she is not insured, or if insured, the cover is not what they requested.
Report to:
1. NAICOM
2. Nigeria Police Force
70
INSURANCE FRAUD
When an individual obtains from an insurance company by making false claims, for example, claiming to have lost more than what they actually lost.
Report to:
1. NAICOM
2. Nigeria Police Force
3. Federal Ministry Of Industry Trade and Investment.
71
INTELLECTUAL PROPERTY FRAUD
When an individual or company infringes on the patent right of another company by passing off as original counterfeit goods.
Report to:
1. Standard Organization of Nigeria
2. Nigeria Police Force
3. Consumer Protection Council
72
INTERNAL FRAUD
When employees of a company commit a breach of trust by committing any type of fraud against the company.
