Types of Fraud Page 14 of 27

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IDENTITY FRAUD AND IDENTITY THEFT
IMPERSONATION OF OFFICIALS
INDIVIDUAL FRAUD
INSIDER INFORMATION
INSOLVENCY-RELATED FRAUD

S/N TYPES OF FRAUD DESCRIPTION RECOMMENDED RESPONSE
63 IDENTITY FRAUD AND IDENTITY THEFT This occurs when fraudsters gain enough information concerning one’s identity, whether dead or alive, to commit identity fraud. Report to:
1. Nigeria Police Force
2. Nigeria Communication Commission
3. National Identity Management Commission
4. Economic and Financial Crimes Commission
5. Independent Corrupt Practices Commission
64 IMPERSONATION OF OFFICIALS This is when fraudsters impersonate government officials to enable them to take a certain amount from their victims. Report to:
1. Nigeria Police Force
2. Relevant Concerned Agency
65 INDIVIDUAL FRAUD This could be any fraud targeted on an individual directly. Report to:
1. Nigeria Police Force
65 INHERITANCE FRAUD This is fraudulent representation by a fraudster to his proposed victim. The fraudster who pretends to be one in possession of the victim’s dead relative’s property asks for the victim’s assistance to transfer the inheritance left by a dead relative to the victim. The assistance can come in form of documents or personal information, which when obtained by the fraudster can be used for criminal activities. Report to:
1. Nigeria Police Force
66 INSIDER INFORMATION When an unfair market is created as a result of an inside information made available to an individual who is an outsider. Report to:
1. Nigeria Police Force
67 INSOLVENCY-RELATED FRAUD This occurs when a company having serious financial issues fraudulently trades its assets before declaring its bankruptcy or insolvency. Report to:
1. Federal Ministry Of Industry Trade and Investment.
2. Economic and Financial Crimes Commission
3. Independent Corrupt Practices Commission
4. Nigeria Police Force

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