US and Nigeria sign memorandum of understanding

ID-10066935I’ve got nothing against Nigeria. I have a friend from there who’s a pretty cool guy. One of my favorite musicians, Fela Kuti (RIP), was a Nigerian. But we all know Nigeria has been the source of a lot of online scams. The Nigerian Prince Scam is pretty well-known (I’m smuggling a fortune out of the country. Give me your bank info and I’ll put a million dollars in, give you a big cut and totally won’t steal your ID and drain your bank account). 

Apparently the U.S. just signed an agreement with the Nigerian government that might put a damper on some of that activity. On Aug. 28, the Federal Trade Commission signed a memorandum of understanding (MOU) with Nigeria’s Consumer Protection Council (CPC) and Economic and Financial Crimes Commission (EFCC).

It’s good to know someone will be working to fight these scams from the other end. In the meantime, remember to investigate business opportunities, check with BBB.org to find trustworthy companies and be careful not to give your banking or other identifying information to strangers online or over the phone.

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