Topic: NIPOST uncovers Fake 14 billion Naira so far in 2014  (Read 962 times)

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NIPOST uncovers Fake 14 billion Naira so far in 2014
« on: October 10, 2014, 06:56:00 AM »
Mallam Ibrahim Baba, postmaster general of the Federation, said Nigerian Postal Service (NIPOST) intercepted fake financial instruments worth N13.65bn in the first nine months of the year.

He stated this in Abuja yesterday while briefing newsmen on activities of the NIPOST in a ceremony to mark the 2014 World Post Day.

He also disclosed that the postal organisation handled 24,213,750 mails in the first half of the year, January to June.

Baba said: “As a result of physical inspection of document/postal packets being transmitted through NIPOST, 159 scam letters containing counterfeit financial instruments and other prohibited items were intercepted.”

An analysis of the counterfeit financial instruments intercepted by NIPOST showed that 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 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.

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