EFCC Detains Alleged Fraudster over N5m Bank Alert Scam - disnaija.com

Categories: Nigeria News

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of an allegedly notorious fraudster who specialises in defrauding unsuspecting members of the public through fraudulent bank credit alerts. 

The EFCC said the fraudster, Wale Olaide (a.k.a Wale Dollar), met his waterloo when he duped one Abdulhamid Abubakar, a Bureau de Change operator the sum of N5 million. 

Olaide had contacted Abubakar’s younger brother, Hashim, also a Bureau de Change operator based in Lome, Togo Republic that he wanted to purchase N5 million equivalent in CFA Francs. 

Olaide requested for his Nigerian bank account to enable him pay in the naira equivalent. Hashim asked Abubakar to send his First Bank account details to Olaide. Abubakar, according to the EFCC, acted immediately, sent his account details and after a while, he received an alert supposedly from his bank that N5 million had been credited to his account domiciled at the Seme Border branch.  

Upon receiving the alert, Abubakar informed his brother who in turn released the CFA Franc equivalent of N5 million to Olaide. The next day, Abubakar visited the bank to withdraw the money, but to his dismay, his account balance did not reflect the said transaction. He complained to the branch manager and his statement of account was rolled out but the transaction was not reflected.

EFCC said when Abubakar noticed that the bank could not help, he approached the EFCC, which took up the issue yielding in the arrest of Olaide, believed to be a member of a deadly syndicate involved in duping unsuspecting members of the public through fraudulent banking notification alerts.

EFCC said it was working to unravel the intricate network of operations of the syndicate, and has appealed to members of the public to be wary of this new trend in criminality by fraudsters who use phony credit alerts to defraud others.

Posted in Nigeria News. A DisNaija.Com network.

Source: Huhu Online

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