ABSTRACT
The Financial Crimes Division of the US Secret Service is reported to receive around 100 telephone calls and 300-500 pieces of correspondence per day regarding variants of the Nigeria scam. Some of the letters are posted from Holland where there is a community of Nigerian origin. The victim is reassured of the authenticity of the scheme by being supplied with forged documents apparently bearing official Nigerian government letterheads and seals. The nefarious activities are being initiated through bogus proposals promising to pay potential victims generous and mouth-watering assistance commission at the end of the day. The Central Bank of Nigeria has taken this initiative of once again warning the business community and individuals because of its concern to maintain the good name of the Bank and its public standing as well as those of its Senior Executives. The Nigeria scam is the source of frequent complaints to the Nigerian authorities.
