Fraud: CPC Partners EFCC To Protect Consumers

The Economic and Financial Crimes Commission (EFCC) has signed a Memorandum of Understanding (MoU) with the Consumer Protection Council (CPC) to bring fraudulent mortgage bankers 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.

Speaking at the ceremony yesterday, executive chairman of the EFCC, Mr Ibrahim 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.”

While commending the director general of CPC for her dedication to work, which earned her the award of US Citizenship by the State of Georgia, Lamorde urged the CPC to cooperate with the EFCC in investigating and prosecuting financial crimes and consumer abuses.

Atoki also 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.”

She stressed the need for joint investigation and enforcement cooperation between the two agencies of government, particularly on matters affecting consumers’ financial wellbeing.

“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 sensitisation campaigns across the country, and case investigations, prosecution and redress,” she said.