Metro Man Uses Fake Bank Alert to Steal N5m

[Sandra Chiefe]

Wale Olaide, better known as Wale Dollar, has been arrested by the Economic and Financial Crimes Commission (EFCC) for using a fake bank credit alert to defraud Abdulhamid Abubakarm a bureau de change operator of N5,000,000.

The EFCC’s head of Media and Publicity, Mr. Wilson Uwujaren said the suspect had contacted Abubakar’s younger brother, Hashim, another bureau de change operator based in Lome, Togo, that he wanted to purchase N5m equivalent in CFA. Olaide, an expert in defrauding unsuspecting victims through fake bank credit alerts, requested for Hashim’s Nigerian bank account to enable him pay the naira equivalent, by which Hashim asked Abubakar to send his First Bank account details to Olaide. After Abubakar has received the fake credit bank alert, he then communicated to his brother to release the CFA amount to Wale Dollar.

But the bubble burst for Olaide when Abubakar visited the bank the next day to withdraw the money and found that the money in the account did not portray the N5m supposedly deposited the previous day, and reported the case to the EFCC.

Investigations led to the arrest of Olaide, known as an expert in this field of crime.

 

[naija questions]

He could have harnessed his obvious talents in other ways!

 

[Sandra Chiefe]

Well, yea. But who ever argued that doing wrong was easier than doing right?

At first anyway?

 

[naija questions]

Well he must have planned this, got to know how the system works, timed everything to perfection and understood his victim.

Sound like a business class to me.

 

[Sandra Chiefe]

Yes, and if he's done it to others, you can imagine the amount of time and effort and thought he devoted.