When business owners fraudulently engage in unfair methods of competition to prevent and restrict competition.
Report to:
1. Federal Ministry Of Industry Trade and Investment.
2. Nigeria Police Force
3. Independent Corrupt Practices Commission
7
APPLICATION FRAUD
When a person impersonates another individual (dead or alive) or uses fake documents and opens an account or makes an application using that information.
Report to:
1. Nigeria Police Force
2. Economic and Financial Crimes Commission
3. Independent Corrupt Practices Commission
8
ASSET MISAPPROPRIATION FRAUD
An individual in a specific position breaches his fiduciary duty by using such position to acquire certain assets.
Report to:
1. Economic and Financial Crimes Commission
2. Independent Corrupt Practices Commission
3. Nigeria Police Force
9
AUCTION FRAUD
The seller refuses to sell an item on the auction list or after a specific item has been paid for, a different one is sent to the purchaser.
Report to:
1. Economic and Financial Crimes Commission
2. Nigeria Communications Commission
3. Nigeria Police Force
10
BANK ACCOUNT FRAUD
This is when a transaction that wasn’t made by the owner of the account shows up on his bank statement. This is a form of identity theft, as a fraudster could have gotten the account’s holder personal information and made the transaction.
Report to:
1. Financial institution
2. Economic and Financial Crimes Commission
3. Nigeria Police Force
11
BANK CARD AND CHEQUE FRAUD
This is when a fraudster steals the account holder’s credit card or cheque book and gains access to the funds in the account.
Report to:
1. Financial institution
2. Economic and Financial Crimes Commission
3. Nigeria Police Force
