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Monday, 5 August 2013
Fraud: Man uses fake bank alert to steal N5 million (PICTURED)
A suspected fraudster, Wale Olaide, has been arrested by the Economic and Financial Crimes Commission for defrauding a Bureau de Change operator, Abdulhamid Abubakar, of N5m, using a fake bank credit alert.
According to EFCC’s Head, Media and Publicity, Wilson Uwujaren, the suspect is an expert in defrauding unsuspecting victims through phony bank credit alerts.
Wilson said that Mr. Wale contacted Abubakar’s younger brother, Hashim who is also a Bureau-de-change operator based in Lome, Togo, that he wanted to purchase N5m equivalent in CFA and requested for Hashim’s Nigerian bank account to enable him pay the naira equivalent. Hasim asked his brother Abubakar, to send his First Bank account details to Olaide.
“Abubakar sent his account details and later received an alert supposedly from his bank that N5m had been credited to his account. Upon receiving the alert, Abubakar informed his brother, who in turn released the CFA equivalent of N5m to Olaide.”
It was learnt that when Abubakar visited the bank to withdraw the money the following day, his account balance did not reflect the transaction. He subsequently reported the incident to the EFCC.
Wilson said, “A series of investigations led to the arrest of Olaide who is believed to be a member of a syndicate involved in duping unsuspecting members of the public through fraudulent bank notification alerts.
“EFCC is working to unravel the network of operations of the syndicate. But members of the public should be wary of this new trend in crime by fraudsters who use phony credit alerts to defraud people.”