Social Studies

Fraud as a contemporary social problem in Nigeria

len Alfred Ajibola - 05th January, 2023 @ 08:33 AM

Topics in Social Studies

How to prevent fraud Types of fraud explained Fraud as a contemporary social problem in Nigeria Explanations on the social problems in Nigeria and their solutions Contemporary social problems in Nigeria What is culture? Components of culture in social studies Child marriage and its consequences Consequences of Female Genital Mutilation What is healthy self-esteem? Characteristics of healthy self-esteem Causes of Environmental Problems Environmental Problems: Effects and Solutions to Environmental Problems Consequences of drug trafficking and solutions to drug trafficking Drug Trafficking: Reasons for drug trafficking Self-esteem: How to overcome low self-esteem What is low self-esteem? Characteristics of low self-esteem Low self-esteem: Causes of low self-esteem Consequences of Conflicts and Solutions to Conflict Global acronyms and their meanings Nigerian acronyms and their meanings Meaning and Objectives of Social Studies


Academic Questions in Social Studies

Please click here to see all Questions and Answers

Marital separation may also be termed as divorce.

  • A. True

  • B. False

An ancient mode of transportation that requires the use of donkeys and camels is termed _____.

  • A. Human trans-animal

  • B. Human trans-ancient

  • C. Human-animal transportation

  • D. Human mechanical movement

  • E. Human porterage

  • F. Human trans-old

Rail transportation is a type of land transportation.

  • A. True

  • B. False

The following statements are true concerning transportation except _____.

  • A. Transportation is defined as the movement of goods, persons and animals from one point to another.

  • B. Means of transportation is not the same thing as Mode of transportation

  • C. Land transportation is a means of transportation

  • D. Rail transportation is a type of land transport

  • E. Pipeline typically transports liquid and gaseous products

  • F. Human porterage is an ancient mode of transportation

Which of the following is not a Nigerian acronym?

  • A. NBA

  • B. ISO

  • C. KAI

  • D. NAEC

  • E. NAPEP

  • F. MMIA

The acronym ICPC means _____.

  • A. Independent Corrupt Practice Command
  • B. Independent Corrupt Practice Complaints
  • C. Independent Corrupt Practice Court
  • D. Independent Corrupt Practice and other related offences Commission
  • E. Independent Corrupt Practices Cooperation
  • F. Independent Corrupt Pactice Conduct

Nigerian coat of arms - Len Academy

The black shield in the Nigerian Coat of Arm represents the _____.

  • A. Strength of Nigeria

  • B. Pride of Nigeria

  • C. Dark complexion of Nigerians

  • D. Dignity of Nigeria

  • E. Fertile soil of Nigeria

  • F. Beauty of Nigeria

Which of the following is not a Nigerian National Symbol?

  • A. The Nigerian Flag

  • B. The Nigerian National Anthem

  • C. The Nigerian National Pledge

  • D. The Nigerian Naira (NGN)

  • E. The Nigerian National Identity Card

  • F. None of the above


Fraud as a social problem in Nigeria:

Fraud is defined as an act of deception and trickery perpetrated through an intentional perversion of truth in order to induce another person, group of persons or an organization to part with something of value, especially money, thus gaining some dishonest advantage through the process.

Please read an introduction to contemporary social problems in Nigeria here.

 

Fraud is a massive problem in Nigeria. It runs in various sectors of the country. Below are some of these sectors alongside their corresponding fraudulent instances.

 

  • Banking: The 2021 financial statements of Access Bank Plc, Guaranty Trust Bank (GTCO), First City Monument Bank (FCMB), and Wema Bank showed that a total of ₦1.77 billion was lost to fraudulent activities involving the banks’ employees and consumers in 2021.
    Please read on corruption and other contemporary social problems in Nigeria here.


  • Nigerian National Petroleum Commission (NNPC): In October 2022, a British court ordered Glencore, (a commodities company) to pay over $313 million for bribing NNPC officials and four other African countries through oil contracts deals.


  • Judiciary: In November 2022, judiciary workers in kogi state of Nigeria was discovered to have carried out a fraud of ₦4.8million by the kogi state high court.
    You can read on the arms of government here.


  • Education: ₦36 million was said to have been swallowed by a snake in the vault of Joint Admission and Matriculation Board (JAMB), in one of its state branches. This bizzare statement made by a JAMB staff named Philomina Chieshe trended in Nigeria and beyond.

    However, a statement released by JAMB says the disappearance of such money (₦36 million) is criminal and fraudulent on the part of the staff.
    You can read on interesting facts for students here.

 

Other segments where fraud had been recorded in Nigeria include the Economic and Financial Crimes Commission (EFCC), during political elections, highly placed political offices, chat applications, and even the local Nigerian markets (through the purchase of fake products).

 

A popular type of fraud named after the Nigerian criminal code is termed '419'. The number '419' refers to the section of the Nigerian Criminal Code (NCC) concerning fraud alongside the disciplinary action, charges and penalties for the offenders.

Interestingly, fraudulent persons are simply termed as a '419' in Nigeria.

Please read on the responsibilities, duties and obligations of citizens here.

 

The 419 scam, also termed as 'Nigerian letter fraud' or 'advanced fee fraud' is a scam perpetrated from Nigeria. In this case, an email, letter or fax is sent to someone in another country, typically the United States (US), United Kingdom (UK) or other European countries.

 

Generally, fraud can be perpetrated through a variety of ways. Below are some methods of defrauding people:

  1. Through unsolicited emails.

  2. Through romance scams.

  3. Through fake links.

  4. Through ponzi schemes.

  5. Through the purchase of fake products.

  6. Through debit and credit cards.

  7. Through funds transfer schemes.

  8. Through loan sharks.

  9. Through fake popup messages.

  10. Through lottery fraud.

  11. Through fake credit notifications.

  12. Funds transfer fraud.

  13. Please read more on the types of fraud here.

 

An important agency in fighting specialized fraud in Nigeria is the Police Special Fraud Unit (PSFD). However, the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) are crucial agencies in fighting economic and politically motivated fraud in Nigeria.

You can check out the Nigerian police special fraud unit here.

 

The aforementioned special fraud agencies focuses on fraudulent cases that involves a large sum of money. Also, they target fraudulent public officers including those with immunity, for instance, the governors and other high ranking political officers. Therefore, these agencies function to prosecute fraudulent public and private individuals, including business organizations.

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Amazing facts in Social Studies

Ashrita Furman holds the world record for the holder of the most world records. He had set over 600 records and currently holds more than 200 world records

As at 2023, France remains the most visited country (with about 90 million visitors), followed by Spain (83.7 million). Next is the United States of America (79.3 million)

Car license plate in canada - Len Academy

Some car license plates in the Northwest Territories of Canada are shaped like a polar bear

The Library of Congress located in Washington D.C, America is the world's largest library. It contains over 162 million items in more than 450 languages.

The British Library (with over 150 million items) comes second, followed by the Library and Archives Canada with 54 million items (third), the New York Public Library with 53.1 million items (fourth), and the Russian State Library with 44.4 million items (fifth)

Located in Fez, Morocco, the University of Karueein (or University of Al Quaraouiyine) was founded way back in 859 A.D; and it's the world's oldest university (world's oldest higher learning institution) in the Guinness World Record.

In 1963, it was incorporated into Morocco's modern state university system, with approximately 8,000 students enrolling each academic year

We have got people who have fears on their fears. They are said to exhibit phobophobia which is the fear of phobias

Men big heel shoe - Len Academy

High heel shoes were first designed for men

According to Ecology Global Network, four babies are born every seconds, 250 every minutes, 15,000 every hour, 360,000 everyday and 131.4 million babies every year

People under age 30 account for over 52% of the world's population

People over age 60 make up 12.3% of the world's population


NOTABLE POINTS IN Social Studies

The following proactive processes can help reduce conflict in various organizations:

  1. Communication

  2. Set conflict guidelines

  3. Encourage collaboration and teamwork

  4. Proper recruitment process

  5. Promote social events

  6. Applying fair treatment

  7. Listening and understanding skills

  8. Private opinion and feedback from staff

  9. Gender equality

Please read more on conflict management in organizations here

Conflict can be caused in a variety of ways. For instance, silence may result into conflict. Interestingly, silence has also shown to be a great means of conflict prevention.

Below are some causes of conflicts:

  • Frustration

  • Misunderstanding

  • Poor communication

  • Interest

  • Leadership

  • Personality

Conflict is defined as a disagreement between two or more persons characterized by exchange of words and hostilities.

Conflicts can be reduced in organizations if the following proactive steps are adhered to:

  1. Communication

  2. Set conflict guidelines

  3. Encourage collaboration and teamwork

  4. Proper recruitment process

  5. Promote social events

  6. Application of fair treatment

  7. Listening and understanding skills

  8. Private opinion and feedbacks from staff

  9. Gender equality

Please read on conflict resolution in organizations and their explanations here.

The United Nations has six principal organs or arms. These are

  1. The General Assembly
  2. The Security Council
  3. The Economic and Social Council
  4. The Trusteeship
  5. The International Court of Justice
  6. The Secretariat

United Nations (UN) is the world body set up to promote peace and unity among the countries of the world. It officially came into existence on the 24th day of October, 1945 after it had been ratified by five permanent members of the security council and by the other 46 signatories. These permanent members are:

  1. United States of America
  2. United Kingdom
  3. Soviet Union
  4. Republic of China
  5. France

In total, the numerical strength of the United Nations at its inception was fifty one (51) states