Nigeria emails cost £150m a year

20 Nov 2006

Nigerian fraudsters are causing a ‘large and pressing problem’ in Britain, according to a report out today.

They are carrying out Internet scams, credit card fraud and laundering money through the British economy.

And the crimes are going unchecked by both governments, according to the study by independent research body Chatham House.

It estimates that ‘fee fraud’, in which a conman claims to have a large amount of money which he promises to share with his victim in exchange for their bank details, costs Britain £150 million a year.

The report authors are calling on the authorities to act over the scandal and to address the failures in the system.

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