“We make millions of Naira with this business” – Suspect reveals how they defraud POS operators, business owners with fake bank alerts in Oyo

Adewale Adesanya has been detained by the Oyo State Police Command on suspicion of defrauding point-of-sale (POS) operators and business owners by sending out false bank warnings.

Adesanya, who lived at No. 7 Awosika Street in Old Bodija, Ibadan, was apprehended by a team of detectives led by Insp. Esoso Esoso, according to the commissioner of police, Adebowale Williams, who spoke on behalf of the suspect at the police headquarters in Eleyele, Ibadan.

Adesanya, 45, was detained with four bottles of Dom Perignom champagne, which he purchased with bogus alerts and cost N117,900 each.

The suspect admitted to Daily Trust that a business partner had taught him how to commit the fraud.

He said they bought goods worth millions of naira with fake alerts they generated with an application on their phone.

The suspect said the last transaction he did which exposed him was about N185,000 for which he generated a fake alert for a POS operator in Ibadan.

“I cannot lie again. It is true we are doing the business. We have an application we use to generate fake alerts for POS operators. I am not the only one doing it. My second person fled when he heard I was arrested. We make millions of naira with this business. The last one I did was N185,000.” he said. 

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