" ITREALMS: NIPOST intercepts N13.65bn fake financial instruments

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Saturday, October 11, 2014

NIPOST intercepts N13.65bn fake financial instruments

The Nigerian Postal Service (NIPOST) has confirmed the interception of fake financial instruments worth N13.65billions in the first nine months of 2014 by its operatives, ITRealms  reports.

This is as the organisation says that United States of America and Britain were the major destinations for counterfeit mails, stressing officials of the two countries were cooperating with NIPOST to control transmission of counterfeit mails.

The Postmaster General of the Federation, Mallam Ibrahim Baba, who disclosed this recently while briefing newsmen in a ceremony to mark the 2014 World Post Day, said between January and September 159 scam letters containing counterfeit financial instruments and other prohibited items were intercepted.

Giving insight into the seizure, the NIPOST boss noted that of the counterfeit financial instruments seized by NIPOST to include 17 mails worth N149,891,400 were intercepted in January; 66 worth N8,439,690 in February; 18 worth N159,654,963 in March; and 26 worth N118,329,017.36 in May.

Others, Baba listed include 32 mails worth N11,481,408,130.40 in June; four worth N672,632,019 in July; four worth N229,240,200.16 in August; and two worth N757,525,422.16 in the month of September.

Chukwudi Obi

ITREALMS ... delivering news for ICT4D

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