2024-06-21

advisory On Fraudulent Petitions Involving Tracing And Recovery Of Electronic Wire Transfers From Foreign Banks Into Accounts In Nigerian Banks

The Nigerian Financial Intelligence Unit (NFIU) has issued an advisory regarding fraudulent petitions involving the tracing and recovery of electronic wire transfers from foreign banks into accounts in Nigerian banks. The advisory aims to alert financial institutions, government agencies, and the public to the red flags and emerging trends used by fraudsters, especially the use of forged documents. The NFIU urges vigilance and enhanced due diligence to mitigate the risk of financial fraud and protect against deceptive practices. It recommends verifying the authenticity of documents, engaging forensic experts, and conducting open-source searches to identify potential scams.

Nigeria

Nigerian Financial Intelligence Unit

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