The Economic and Financial Crimes Commission (EFCC) has arrested one one Wale Olaide (a.k.a Wale Dollar), who it said specialises in defrauding unsuspecting members of the public through fraudulent bank credit alerts. Olaide met his waterloo when he duped a bureau de change operator, one Abdulhamid Abubakar, of N5m.
A statement from the EFCC head of media and publicity, Wilson Uwujaren, on Sunday, said Olaide, who was arrested on July 31, 2013, had contacted Abubakar’s younger brother who is also a bureau de change operator based in Lome, Togo Republic, Hashim, that he (Olaide) wanted to purchase N5m equivalent of CFA Francs. Olaide requested for the victim’s bank account number to enable him pay in the naira equivalent.
Hashim asked Abubakar to send his First Bank Account details to Olaide.
Abubakar acted immediately, sent his account details and after a while, he received an alert supposedly from his bank that N5m had been credited to his account domiciled at the Seme Border branch of the bank.
Upon receiving the alert, Abubakar informed his brother who in turn released the CFA Franc equivalent of N5m to Olaide.
Abubakar therefore went to the bank the next day to withdraw the money, but to his dismay, found his account balance didn’t reflect the said N5m transaction.
He complained to the bank manager and his statement of account was rolled out but the transaction was not reflected. The victim thereafter approached the commission for intervention.
The EFCC spokesperson said “Series of investigative initiatives by the EFCC yielded the arrest of Olaide who is believed to be a member of a deadly syndicate involved in duping unsuspecting members of the public through fraudulent bank notification alerts.”
Only if justice woÙld be actulise at the end
ReplyDeleteProsecute the fellow. I also know of a car dealer who was recently duped of a choice vehicle in Abuja through this method of scam. The public should be properly sanitised about this scam. Let the seller confirm from his bankers if money had really been paid into his account before releasing any purchased item to the buyer.
ReplyDeleteFRAUDSTERS! Always devicing new METHODS of DEFRAUDING unsuspecting NIGERIANS of their HARD EARNED MONEY.
ReplyDeleteEFCC JAIL this HIM!
Pls don't say it doesn't concern you, get sensitised and EFCC should not relent until they get to the root of the matter, l know it has an official undertone so make all the culprits face the music- Ay
ReplyDeleteEl-matosky you are so right. You can imagine that. Fraudsters have already laid out plans on how to use the cashless policy too since banking customers will be relying heavily on credit alerts. This is so scary! Please F up this guy! He really deserves it! People like this can make one physically ill.
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