Global economic meltdown has severely strained companies engaged in export import business. Absence of buyers from market is driving many exporters to accept export orders which they otherwise would have declined for lack of prudential norms.
Ironically, this is the time to exercise more caution as fraudsters may exploit present desperation in market to target more exporters with seemingly lucrative deals.
Exporters should be very cautious about certain geographical regions which have become a favorite destination for fraudsters and con artists.
Some may find it sweeping generalization or even unfair treatment - but the fact remains that there is no sign of a decline in scam proposals even after wide publication of Nigerian and other scams.
Worse, the fraudster populations seem to be growing everyday with newer and more daring con games. Victims have nowhere to go as there is no law court or policing authority against these fraudsters.
Exporters and importers should be careful of various seemingly lucrative proposals coming from certain regions and countries such as Nigeria, Benin, Togo, Cote' D Ivory etc. and exercise enough caution.
We document here a few scams. Some of these are specific to certain geographic regions - others more universal.
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