FTC and Nigerian Agencies Sign Memorandum of Understanding to Fight Fraud | Practical Law

FTC and Nigerian Agencies Sign Memorandum of Understanding to Fight Fraud | Practical Law

On August 28, 2013, the Federal Trade Commission signed a memorandum of understanding with Nigeria's Consumer Protection Council and Nigeria's Economic and Financial Crimes Commission to increase cooperation and communication in their joint efforts to eliminate cross-border fraud.

FTC and Nigerian Agencies Sign Memorandum of Understanding to Fight Fraud

Practical Law Legal Update 6-540-0009 (Approx. 4 pages)

FTC and Nigerian Agencies Sign Memorandum of Understanding to Fight Fraud

by Practical Law Commercial
Published on 30 Aug 2013USA (National/Federal)
On August 28, 2013, the Federal Trade Commission signed a memorandum of understanding with Nigeria's Consumer Protection Council and Nigeria's Economic and Financial Crimes Commission to increase cooperation and communication in their joint efforts to eliminate cross-border fraud.
On August 28, 2013, the Federal Trade Commission (FTC) signed a memorandum of understanding (MOU) with two Nigerian government agencies to further cooperation and communication in the agencies' joint efforts to combat cross-border fraud, including, for example, fraudulent e-mail scams. The agreement was signed by:
  • The FTC.
  • Nigeria's Economic and Financial Crimes Commission (EFCC), a criminal enforcement agency that addresses consumer fraud and other financial crimes.
  • Nigeria’s Consumer Protection Council (CPC), which addresses consumer complaints through investigations and enforcement.
This is the first FTC MOU of this kind to include a foreign criminal enforcement authority. The MOU is intended to promote the agencies' common interest in:
  • Cooperating on the enforcement of applicable consumer protection laws.
  • Facilitating the mutual exchange of knowledge and expertise through training programs and staff exchanges.
  • Educating each other about the economic and legal conditions and theories relevant to the enforcement of applicable consumer protection laws.
Under the MOU, the FTC, the EFCC and the CPC have agreed to use best efforts to, among other things:
  • Share information, such as complaints and other personally identifiable information, that the agency believes would be relevant to investigations of or enforcement proceedings for violations of applicable consumer protection laws.
  • Provide investigative assistance in appropriate cases.
  • Exchange and provide other relevant information regarding matters within the scope of the MOU, such as information relevant to:
    • consumer and business education;
    • government and self-regulatory enforcement solutions; and
    • amendments to relevant legislation.
  • Coordinate participation in efforts to address consumer protection issues relating to spam and cyber threat enforcement.
The MOU also establishes a Joint Implementation Committee to:
  • Identify concrete areas of collaboration.
  • Establish joint training programs and workshops.
  • Provide assistance for specific cases and investigations.
The MOU is a framework for voluntary cooperation between the FTC, EFCC and CPC. It does not create legally binding obligations or change any existing US or Nigerian laws.