Hi Nairalanders,

I work as a Support Staff for a commercial bank, and I have witnessed this New Crime case twice this week alone!!!

This fraud usually occurs at the ATM galleries. An 18-year-old customer and another 'rich' adult customer were victims and now they have their BVN flagged for live and have cases to answer with the Police, and with their bank accounts on Post-No-Debit.

This is how it works;

1. You walk to an ATM and someone (fraudster) approaches you. The person may show you wads of cash and claim they have exceeded their withdrawal limit of 150k, and that they still need more cash. They then plead to make a money transfer into your own bank account so that you can withdraw it for them.

2. The TROUBLING thing in this seemingly harmless random act of kindness is that transfers are usually made from STOLEN PHONES or HACKED BANK ACCOUNTS!!!

3. The person who owns the bank account which the money transfer was initiated from would report to his bank, and the bank would send out a circular to the recipient's bank with instructions to be carried out - which usually includes freezing your own account, BVN flagging, and on most times an order for your apprehension.

4. The next thing you would discover is that the next time you try to use your ATM card to withdraw, your transactions will be unsuccessful.

5. You then go to your bank and you get the news. You will thank your stars if there's no MEMO to apprehend you and hand you over to the Police immediately - for something you surely don't know about. You may be advised to quickly go get a Police Report.

The 18-year-old boy was sent to withdraw money from his bank account by his Mom. On getting to the ATM, he was held at gun point by the fraudsters and the money transfer was made, money withdrawn, and he was released. The money here was 40k. The boy was advised to report himself to the Police, and he should follow up with the bank.

The adult customer was approached respectfully by a fraudster brandishing loads of cash. So, he felt at ease and 'helped', not knowing he had been exposed for flagging. Here, the amount of money involved was 50k. The customer who has about 1 million naira in his bank account has now been undone because of 50k he knows nothing about. Now, there's a MEMO to have the customer arrested anytime he steps into any of the bank branches.

Who knows if the stolen phones were acquired via One Chance armed robbers or the bank transfer details were supplied by Serial Hackers? This is a serious criminal issue.

Remember, if you have your BVN flagged, then you are so done with any legal financial dealings.

DO NOT HELP ANYBODY AT THE ATM!!! NOT EVEN AN OLD FRIEND, CHURCH MEMBER OR WHATSOEVER. SAY NO TO STRANGERS WHO APPROACH YOU FOR ANY TRANSFER FOR WITHDRAWAL AT THE ATM.

Imagine getting locked up over money you know nothing about other than helping someone to withdraw.

All these damned fraudsters. SARS will not track down these set of criminals, it's innocent good looking boys they will be chasing.

This Is Nigeria,Everybody is a Criminal....Most of the current youths are just Criminals

May God help us.. with bvN flagged so person can't open bank account for life.. am I ryt.

Thank you for this OP.

After asking who is next in an ATM que I stand behind put on my earpiece and wait for my turn I don't talk to anyone I don't give alms to those healthy ATM baggers and I don't help anyone to carry out any transaction whatsoever.... It has proven to be Bea...I love to mind my business

Thanks bunch

get rich quick gang everywhere.. dey can't wait on d Lord nd kip hustling.. using dere own to spoil anoda pipuls life..

name checkers assoication

Someone tried it with me at an ATM just yesterday and I immediately warned her but she later got one Mugu who agreed to withdraw for her ..

o ga o

Ogun kill fraudsters

Na wao oo. Everyday for the Ole, one day for the owner.
Blog plus adsense for sale. Check my signature.

Hmmm

Cast

I sha stopped using atm cards since 2015

Niaralanders use piggy bank


Cc sarkin ...BBQ guy

Fraudsters going digital upgrade everyday. With your kindness you get yourself in trouble.

In Davido's voice: if you no get money hide...........................

Wicked and Terrible things Nigerians do to their fellow Nigerians and Neighbor everyday..,, SMH
yet blame Government for their woes

kallmemrB:
This Is Nigeria,Everybody is a Criminal....Most of the current youths are just Criminals

If that describes you, it does not represent whom I am.

This isn't so new but worth sharing to nairlanders.
And Op I don't think the fraudster is bent on using stolen phones, they just have access to peoples online banking details prolly hacked and they are looking for a SCAPE GOAT to help them cash the money.

So let's say Mr A hacks Mr B's online banking account, he doesn't want to cash it out so he sends it to Mr C who is naive and just wanted to help . Then Mr C cashes the money and gives it to Mr A.

When the Mr B reports to his bank that his account has been tampered with, the bank officials traces where the money went to and they land on the account of Mr C and puts it on red flag.

Mr C has to explain to the police how the money got into his account. That's where the problem is.

He will be mistaken to be an Accomplice of crime.
why is why KYC is important in business.

Ignorance is no defence in a law court, stay woke!

Avoid scam

Hmmm na wa oo