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Agencies upbeat MoU will shield consumers from fraud

26 February 2015, 09:00 Okoro Chinedu

Lagos - The Economic and Financial Crimes Commission (EFCC) and the Consumer Protection Council (CPC) are confident a Memorandum of Understanding they have signed will bring fraudulent mortgage, and other scammers of consumers to book.

The agencies signed the MoU on Wednesday in the back of an escalation of such crimes.

Executive Chairman of the EFCC, Ibrahim Lamorde, and the Director General of the CPC, Dupe Atoki, signed the MoU, with the Director, Legal and Prosecution at EFCC, Chile Okoroma, and the Director of Legal Services at CPC, Emmanuel Ataguba, witnessing.

“It is very important that the EFCC partners with the CPC particularly in the areas of intelligence sharing, investigation, prosecution and engaging in campaigns to educate consumers,” Lamorde said.

He urged the CPC to cooperate with the EFCC in investigating and prosecuting financial crimes and consumer abuse.

Also Read: EFCC ordered to release Fani-Kayode's passport

Lamorde commended the efforts of Atoki, adding that her dedication to her work got her awarded US citizenship by the State of Georgia.

Atoki noted that the MoU between the two agencies would ensure consumers and victims would receive appropriate redresses, restitution and compensation in a competent court of law.

She stressed the need for joint investigation and enforcement cooperation between the two agencies of government, particularly on matters affecting consumers’ economic and financial well-being.

“The collaboration is aimed at protecting consumers and combating scams using a three-pronged approach: Complaint data analysis to establish patterns, trends and hotspots; consumer education and sensitization campaigns across the country, and case investigations, prosecution and redress,” Atoki said.

- CAJ News

Tags cpc efcc fraud

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