Types of Fraud Page 26 of 27

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TAX FRAUD
TELECOMMUNICATIONS FRAUD
TICKET FRAUD
TIMESHARE FRAUD
TRAVEL AND SUBSISTENCE FRAUD

S/N TYPES OF FRAUD DESCRIPTION RECOMMENDED RESPONSE
115 TAX FRAUD This is when a company deliberately avoids paying their actual tax by not disclosing their assets, income, and, profits or by falsifying such information. This is referred to as tax evasion. Report to:
1. Federal Inland Revenue Service
2. Economic and Financial Crimes Commission
3. Nigeria Police Force
116 TELECOMMUNICATION FRAUD When an individual makes use of airtime without any intention of paying. This can happen when an individual borrows airtime from any telecommunication service. Report to:
1. Nigeria Communications Commission
2. Nigeria Police Force
117 TICKET FRAUD This is when a victim buys a ticket online only to find out that the ticket is fake. The fraudster has obtained from the victim by fraudulently misrepresenting to be an authorized seller of the ticket. Report to:
1. Nigeria Police Force
118 TIMESHARE FRAUD This is when a fraudster informs a victim that he can be a millionaire by buying a property or timeshare, only after the investment has been made by the victim he discovers that such property never existed. Report to:
1. Economic and Financial Crimes Commission
2. Nigeria Police Force
119 TRAVEL AND SUBSISTENCE FRAUD This is when an employee claims from his/her company travel expenses they never incurred. This is a breach of trust. Report to:
1. Nigeria Police Force
2. Economic and Financial Crimes Commission
119 VISA/IMMIGRATION SCAM The fraudsters claim that they have connections with persons who can secure the visa or, even more, with the embassies. They keep demanding money from their victims to enable them to process the necessary documents, which unknown to the victim are either fake or do not exist. Report to:
1. Nigeria Police Force

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