Types of Fraud Page 1 of 27

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ABUSE OF POSITION OF TRUST
ACCOMMODATION ADDRESS
ACCOMMODATION FRAUD
ACCOUNT TAKEOVER
ADVANCE FEE FRAUD

S/N TYPES OF FRAUD DESCRIPTION RECOMMENDED RESPONSE
1 ABUSE OF TRUST The breach of fiduciary duties by a person in authority by virtue of his/her position for personal gain, otherwise known as breach of trust. Report to:
1. Nigeria Police Force
2. Independent Corrupt Practices Commission
3. Economic and Financial Crimes Commission
2 ACCOMMODATION ADDRESS The fraudulent misrepresentation that a person is an occupant at a particular address and engaging in business when in fact, such address does not exist or no such business is carried out at the location. Report to:
1. Nigeria Police Force
2. Independent Corrupt Practices Commission
3. Economic and Financial Crimes Commission
3 ACCOMMODATION FRAUD A person makes payment for an accommodation or hotel reservation that unknowingly to him does not exist. A fraudster falsely represented the fact that such accommodation existed. Report to :
1. Nigeria Police Force
2. Economic and Financial Crimes Commission
4 ACCOUNT TAKEOVER A person impersonates an account holder and fraudulently makes unauthorized transactions on the account. Report to :
1. Your Financial Institution
2. Nigeria Police Force
3. Economic and Financial Crimes Commission
5 ADVANCE FEE FRAUD This is when an individual obtains by false pretense from another. The fraudster makes the victim pay an amount of money for goods or profits that never arrive. Report to:
1. Economic and Financial Crimes Commission
2. Your Financial Institution
3. Nigeria Police Force

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