Types of Fraud Page 10 of 27

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ELECTRICITY SCAM
EMPLOYEE FRAUD
EMPLOYMENT FRAUD
EXPLOITING ASSETS FRAUD
INFORMATION FRAUD

S/N TYPES OF FRAUD DESCRIPTION RECOMMENDED RESPONSE
45 ELECTRICITY SCAM This involves the tampering of prepaid meters by individuals or corporations in order to pay less. Report to:
1. Power Holding Company of Nigeria
2. State Electricity Distributing Companies
3. Nigeria Police Force
45 EMERGENCY SCAM The potential victim receives a call that one of his/her family members was involved in some life threatening emergency. The victim is then asked to send money in order to save the relative’s life. Report to:
1. Nigeria Police Force
46 EMPLOYEE FRAUD The employee of a company commits any form of fraud against the employer company. This is also known as internal fraud. Report to:
1. Nigeria Police Force
47 EMPLOYMENT FRAUD This involves fraudsters claiming that they are recruiting agents for a company that may be outside Nigeria. They can even claim that they can or have made arrangement for visas or travel accommodation. The victims are then asked to pay an application fee, thereafter, they never hear from the fraudsters. Report to:
1. Economic and Financial Crimes Commission
2. Ministry of Foreign Affairs
3. Nigeria Police Force
48 EXPLOITING ASSETS FRAUD This occurs when an asset of an organization is used for the unofficial purpose. Report to:
1. Nigeria Police Force
2. Economic and Financial Crimes Commission
3. Independent Corrupt Practices Commission
49 INFORMATION FRAUD This is when an employee or an insider of a company gives out information he knows by virtue of his working in that company to outsiders for personal gain. Report to:
1. Nigeria Police Force

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