Beware! Fraudsters now pose like foreign investors coming to invest in Nigeria
Yahoo-Yahoo Boys’ as they are commonly called in Nigeria and parts of West Africa may have relied on the growing enabling environment for investors and the improving ease of doing business in Nigeria to change their narrative in luring victims from abroad or in Africa.
It would be recalled that before now, their major narrative had been to transfer their father’s massive millions of dollars trapped after his death into Nigeria so that both of them can share it later in Nigeria which never materializes after all.
Investigations by Business Hilights have revealed that the fraudsters now pose as foreign investors wishing to invest in Nigeria and in need of help or directive from whoever responds to their scam mails.
One of their latest mails narrative reads like this in parts and unedited:
“I am Fedrick Lawrence F.L Solicitors, I am representing the interest of my Client seeking for your cooperation to Invest in your country. I am contacting you through your email which i found in the online business directory. I hope you would understand and do not be Offended.
Please get back to me to show interest for more Clarification.
Thank you and Regards
Fedrick Lawrence
F.L Solicitors.”
Further investigations show that at the moment any gullible person replies such email, the fraudsters will first acknowledge the reply and inform you to send your account details.
After that, they will start to tell you the taxes they need to pay in their home country before they can effect transfer of their investment fund.
They will also be quick to inform you to help them open an account they will use to run their investments. In the process of opening the account, they will inform you that their money is not accessible due to international accounting and tax logistics so as to create the scenario that will encourage to be paying the advance fees for them.
You will continue to pay the endless kinds of taxes with your money until you become tired and they will run away.
Business Hilights investigations discovered that at this point, it will occur to you that you have been duped in an advance fee fraud scam as the said multi-billion dollar investment can no longer work because you have breached terms and conditions which the criminals set for you.
