On advance fee fraud<\/p>\n
The Nigerian Ambassador to Indonesia Saidu Mohammed at a press
\nconference held on July 22 in Jakarta addressed the business
\ncommunity and the media on efforts being made by the Nigerian
\ngovernment to stamp out the Advance Fee Fraud, a crime which has
\neroded investors' confidence in Nigeria.<\/p>\n
The Ambassador said the initiators usually present attractive
\nbusiness proposals to potential victims under any of the
\nfollowing headings: Transfer of funds from over invoiced or
\nfailed contracts; award of contract and supplies; contract for
\nsale of crude oil below market price; inheritance to charitable
\norganization or religious body; request for a foreign bank
\naccount to lodge money and a reward of a certain percentage.<\/p>\n
After a favorable response to the proposal, the initiator
\ndemands an advance payment of a tax, bribe, processing fees under
\nthe pretext that the payment is required to actualize the
\npropertied business deals.<\/p>\n
Advance Feed Fraud, a transnational crime and by-product of
\nInformation Technology (IT) has resulted in the loss of huge sums
\nof money by the government of Nigeria, its agencies, the general
\npublic and the international community.<\/p>\n
The initiator in a phone conversation or facsimile claims to
\nbe a high-ranking official of the federal government of Nigeria
\nwith access to vital documents needed for the purported business
\ndeals. The unsuspecting victim who finds such proposals and
\npresentations convincing and irresistible makes contract and
\ncommences the deal. The initiator sends fake documents to the
\nvictim intimating him with rigorous procedures and protocol
\nrequired.<\/p>\n
The victim is advised to make a certain payment to hasten the
\nprocessing; the gullible victims out of greed meet the demands of
\nthe initiator without confirming the genuineness of the
\ntransaction with the embassy or the chamber of commerce.<\/p>\n
Several demands are made over a period of time and the
\ntransaction is never sealed. When the anxious and expectant
\nvictim realizes that he or she has remitted huge sums of money an
\nalarm is raised and the mission is contacted. The mission carries
\nout an investigation and the victim is now told that he\/she has
\nbeen swindled.<\/p>\n
To redeem the image of the country, the Nigerian government
\nintroduced the following measures, promulgation of Advance Fee
\nFraud Decree No. 12 of 1996, creation of special courts,
\ntribunals to handle these and other financial crimes;
\ninterception of correspondence; international awareness campaign,
\npromulgation of money laundering decree in 1995; the confiscation
\nagreement between Nigeria and the United Kingdom to settle the
\nproceeds of crime involving her citizens.<\/p>\n
S.A.O. EGURUBE
\nNigerian Embassy
\nJakarta<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/on-advance-fee-fraud-1447893297",
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"sponsor": "Okusi Associates",
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