Press Release
The Economic and Financial
Crimes Commission, EFCC, on Wednesday, February 25, 2015 signed a Memorandum of
Understanding with the Consumer Protection Council (CPC) to bring fraudulent
mortgage, and other scammers of consumers to book.
Executive Chairman of the
EFCC, Mr. Ibrahim Lamorde, and the Director General of the CPC, Mrs. Dupe Atoki
signed the MoU, which was witnessed by the Director, Legal and Prosecution,
EFCC, Mr. Chile Okoroma and the Director, Legal Services, CPC, Emmanuel
Ataguba.
Lamorde said, “It is very
important that the EFCC partners with the CPC particularly in the areas of
intelligence sharing, investigation, prosecution and engaging in campaigns to
educate consumers.”
He urged the CPC to
cooperate with the EFCC in investigating and prosecuting financial crimes and
consumer abuse.
He also commended the
efforts of the Director General of CPC, adding that her dedication to her work
got her awarded US citizenship by the State of Georgia.
Atoki noted that the MoU
between the two agencies will “ensure that consumers and victims will receive
appropriate redresses, restitution and compensation in a competent court of
law.”
Atoki stressed the need for
joint investigation and enforcement cooperation between the two agencies of
government, particularly on matters affecting consumers’ economic and financial
well-being.
“The collaboration is aimed
at protecting consumers and combating scams using a three-pronged approach:
Complaint data analysis to establish patterns, trends and hotspots; consumer
education and sensitization campaigns across the country, and case
investigations, prosecution and redress,” she said.
She further disclosed that
the two agencies signed a tripartite MoU with the United States, Federal Trade
Commission, which was aimed at enforcing the law in cross-border cases.
She thanked the Commission
for accepting to partner with the Council in strengthening consumer protection
and consumer education.
Wilson Uwujaren
Head, Media & Publicity
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