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Govt agencies address dividend fraud

06 December 2013, 13:15

Abuja - Senior officials from the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) are lined up to enlighten members of the public on how to guard against dividend fraud.

The Nigeria Postal Service (NIPOST) is organising the event which is scheduled for next week.

The postal agency confirmed that CBN Governor, Sanusi Lamido, and EFCC chairman, Ibrahim Lamorde, would participate.

They are expected to enlighten customers during the event called the Convention on Dividend Warrant.

Speaking on the coming event, NIPOST Master General, Ibrahim Mori Baba, said the topic of the forum was born out the desire to address some to the challenges that NIPOST was having in the field.

“The Convention on Dividend Warrant (CDW) has previously been there but when it was removed, all of a sudden, dividend fraud re-emerged. So we have been having challenges with different Registrars writing to us that a lot of customers are complaining they did not see their dividend warrant,” he said.

“In BulkPost we do not deliver mails. We only collect, flank and distribute them to Central Mail Processing Centers (CMPC). That is where our duties end. Whatever happens from that point we do not know. So when people started complaining we felt it is important we bring the topical issue to bear,” he explained.

The event is scheduled for Thursday 12 December at the Sheraton Hotel.

– CAJ News

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