MUST READ: 6 major crimes committed in Nigeria [LIST]
The Economic and Financial Crimes Commission (EFCC) is not only good at arresting, charging to court and prosecuting those found wanted for financial and other related crimes.
The anti-graft body is also good at informing Nigerians on the ills of corruption and how to avoid being victims of corrupt acts.
The EFCC recently reeled out the major crimes in Nigeria and how they constitute a major hindrance to the country’s economic progress.
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EFCC boss, Ibrahim Magu is remodeling the anti-graft body into a commission that is alive to its responsibilities in words and deeds
Read the list below:
1. Economic Crime
An economic crime is an act of sabotage that affects the economy of a state or nation. For example, pipeline vandalism, illegal oil bunkering, tax evasion, etc.
2. Financial Crime
A financial crime is an act that involves the illegal use of cash or financial instruments such as cheques, drafts, money orders, etc. For example, bank fraud, issuance of dud cheques, etc.
3. Advance Fee Fraud (419)
Advance Fee Fraud is a kind of scam in which a fraudster through false pretences/deceitful information hoodwinks a person to make some upfront payment on a proposed business deal, romance, marriage, contract , etc.
What offences constitute Advance Fee Fraud and other related offences?
Offences relating to obtaining cash or property by false pretence, forgery, misrepresentation with intent to defraud using financial instruments.
4. Money Laundering
Money Laundering is a process whereby ill-gotten wealth is transformed so that it appears legitimate.
5. Terrorism
Terrorism is an act of violence and/or threats to intimidate another, to attain goals that are political, ideological or religious in nature.
6. Cyber Crime
Cyber Crime is the use of a computer or other electronic device to perpetrate criminal acts. Cyber cafes have to register with the EFCC so that the commission can monitor their operations and enforce operating standards that eliminate internet crimes.
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