— UK failing on Nigerian fraud

November 20, IC Wales (UK)

Financial crime stemming from Nigeria has become a "large and pressing problem" for UK authorities, new research concluded. A string of Internet scams and reports of credit card fraud, as well as incidents of money laundering are going unchecked by governments in both countries. The study by independent research body Chatham House said corruption is sneaking through the net because it is not seen in Britain as a priority problem. "Criminal activity is carried out by a small minority of Nigerians, relative to the size of the country and the number of nationals resident in Britain or visiting it," it said. "But the numbers of people involved are still significant and their
successes reflect wider political and logistical shortcomings with the way the British authorities deal with financial crime." On one day in 2005 a check at Heathrow airport revealed millions in forged checks and postal orders in courier mail from the African country's capital, Lagos. It has also been estimated Nigeria−style fee frauds costs the UK economy approximately $192
million each year.
Source: http://icwales.icnetwork.co.uk/0100n.../tm_headline=u
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