Nigeria Tackles Advanced Fee Fraud (419)

President Olusegun Obasanjo has established inter-ministerial committee on advanced fee fraud otherwise known as 419.

Members of the committee are drawn from the State Security Service (SSS), National Intelligence Agency (NIA), Ministries of Justice, Foreign Affairs and Information and National Orientation, the Central Bank of Nigeria (CBN) and the National Drug Law Enforcement Agency (NDLEA).

Other members of the committee are drawn from Nigeria Telecommunication, Ltd. (NITEL), Nigeria Postal Services (NIPOST), Internet Service Providers, Private Telephone Operators, the Police and Office of the Chief Economic Adviser to the President.

The committee which is chaired by the Police Commissioner in charge of Special Fraud Unit is expected to prosecute an all out war against financial scams and liaise with its foreign counterparts to eradicate the crime.

It will be recalled that there has been complaints by Nigerian and foreign investors of the activities of unscrupulous Nigerians with their foreign collaborators who collude together to defraud the country by engaging in advance fee fraud (scam).