Nigeria fraud warning
Sunday, November 8, 1998 Published at 10:42 GMT
The Central Bank of Nigeria has issued a warning to potential investors overseas to beware of what it describes as criminal syndicates who are advertising abroad claiming that easy money can be made in Nigeria.
In a series of advertisements in British national newspapers, the Bank says that the fraudsters offer investment schemes to potential customers, sometimes inviting them to Nigeria.
They are then given red-carpet receptions and attended by people posing as Nigerian government ministers.
At that point, customers are invited to pay advance fees.
When the fees are handed over, the customer hears nothing more.