Palliatives: EFCC Cautions against Scams

People are losing their jobs on a daily basis as a result of cybercrime
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EFCC Officials

The Economic and Financial Crimes Commission (EFCC) Acting Chairman, Mr. Ibrahim Magu, warned Nigerians on Wednesday to look out for fraudsters using the raging coronavirus pandemic to defraud innocent victims.

He said that fraudsters are on the prowl offering innocent Nigerians access to government palliatives in a bid to exploit their bank information against them.

Do not accept calls from unknown person purporting to be in charge of distribution of palliatives on behalf of the federal government or asking you to send details of your bank account,” he said.

Magu, who spoke via the Head, Advance Fee Fraud, AFF Group, EFCC's Makurdi Office, Philips Stephanie, called on financial institutions and Designated Non-Financial Institutions (DFNIs) to always practice due diligence in handling online financial transactions to curb the country's the cybercrime incidence.

He further explained that the Central Bank of Nigeria (CBN) regulations are in place that guides the operations of Point of Sales (PoS) operators.

He stressed the need for financial institutions and DNFIs to conform in their operations to the rules of law and cautioned that the EFCC would not tolerate any violation of existing law.

The EFCC boss lamented the impact of cybercrimes on the economy, stressing that it was a crime with multiplier effects.

People are losing their jobs on a daily basis as a result of cybercrime”, he said in a statement issued by the commission.

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