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Nigeria, US tackle cross-border fraud

30 August 2013, 07:06

Abuja - The United States Federal Trade Commission (FTC) has signed a Memorandum of Understanding with the Economic and Financial Crimes Commission (EFCC) and the Consumer Protection Council (CPC) to curb cross-border fraud.

FTC Chairwoman Edith Ramirez, the director general of the Consumers Protection Council, Dupe Atoki, and the chairman of the EFCC, Ibrahim Lamorde, signed the MoU.

The MoU provides for a joint implementation committee to identify concrete areas of collaboration. It will also establish joint training programs and provide assistance regarding specific cases and investigations.

According to Nigeria's ambassador to the United States, Professor Adebowale Adefuye, the Memorandum of Understanding is the first of its kind to include a foreign criminal enforcement authority.

Lamorde said it would build on the organisation's existing collaboration with FTC and US criminal enforcement authorities.

Ramirez said the Memorandum of Understanding would help agencies address this scourge and better protect consumers in both the US and Nigeria.

"It would be recalled that the FTC already has working relationship with the two Nigerian agencies on policy and enforcement matters in various fora, including the African Consumer Protection Dialogue, the International Mass Marketing Fraud Working Group, the London Action Plan (LAP) in anti-spam network and the International Consumer Protection and Enforcement Network," added Ramirez.

Officials raised concern cross-border scammers used fraudulent e-mails and other scams to defraud consumers while undermining confidence in legitimate businesses.

- CAJ News


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