Fraud Alert: Fake Currency Dealer Scams Woman Off N1.99 Million


A fake currency dealer, Hyacinth Nwogu has been arrested by the Lagos State Police for allegedly defrauding a business woman of the sum of N1.99 million.

Scam rate in Nigeria is increasing as people are looking for more ways to survive the recession, so Nigerians are warned to be on the alert.

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Hyacinth Nwogu was arrested after his victim, 28-year-old Helen Olajide raised an alarm to that regards. Helen gave an account of her experience with the suspect.

“I was standing at the bus stop waiting for a cab when their vehicle came close to me and they claimed that they knew me and that they were my customers,” she said. “They told me they have a business for me and being a businesswoman, I decided to go with them.

“One of them was speaking French and they claimed that they were importers and had a container loaded with computers, clothes, babies wears and other items in the warehouse. I picked interest on some of the items and wrote them down. They made me sign an agreement to pay money that they would go to Customs quarters and clear the goods.

“At the house, they collected my ATM card and went to the bank and withdrew N150,000. The next payment I made was N900,000 cash on August 26, which I gave them at Ikeja. Then, they gave me a Fidelity Bank account number belonging to Chukwuma Eke Linda where I paid the other money.

“In all, I paid N1.992million. It was after paying that I asked myself what was happening. That I have been paying money into a particular account and I haven’t seen the goods.

“Then, I called them to come and sign an agreement with my lawyer but they switched off their phones and started avoiding me. That was when I knew I have been duped. So, I reported to the police.

“They didn’t show me anything about money and they didn’t tell me they wash money. Why would I fall for that if they told me? Are they Central Bank of Nigeria (CBN)? What they told me was that they would supply me with goods.”

In his response, Nwogu said that he was once a victim of such fraudulent act. He claimed to have lost the sum of N1.2 million in his encounter.

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Maybe, he wanted someone else to experience the same thing from a fake currency dealer and looked for a way to get his money back. However, the Police Public Relations Officer said the suspect will be charged to court alongside his accomplices.