Thursday, October 30, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home Across the Nation

EFCC Raises Public Alert on New Fraudulent Promo Scam

The scheme involves the use of malware to gain unauthorized access to the account information of unsuspecting victims. Teasers like “ Promo”, “ Investment Windows” and other baits are usually employed to make their victims volunteer their account information

Newsroom Nigeria by Newsroom Nigeria
July 25, 2025
in Across the Nation
Reading Time: 2 mins read
EFCC Presents More Witnesses in Ex-Kwara Gov Ahmed’s Alleged N5.78bn Fraud Trial

EFCC logo

0
SHARES
Share on FacebookShare on Twitter

The Economic and Financial Crimes Commission, EFCC, views with great concern a rising fraudulent scheme newly perfected by fraudsters to defraud Nigerians of their hard-earned money and considers it imperative to alert Nigerians to be wary of ubiquitous foreign airlines’ ticketing discount promos.

The scheme involves the use of malware to gain unauthorized access to the account information of unsuspecting victims. Teasers like “ Promo”, “ Investment Windows” and other baits are usually employed to make their victims volunteer their account information through which fraudsters execute transactions on their behalf by sending their funds to accounts mainly in Fintech Institutions. Through this access, fraudsters then control and launder the funds through purchase of crypto currencies.

Related posts

SOUTH WEST GOVERNORS, STAKEHOLDERS RALLY FOR POWER DEVOLUTION, REGIONAL GROWTH AT PARLEY IN ONDO

SOUTH WEST GOVERNORS, STAKEHOLDERS RALLY FOR POWER DEVOLUTION, REGIONAL GROWTH AT PARLEY IN ONDO

October 29, 2025
Development Has No Party,  Progress Knows No Partisan Affiliation – Afenifere Leader

Development Has No Party, Progress Knows No Partisan Affiliation – Afenifere Leader

October 29, 2025

A case in point was a “Promo” offering the public 50% discount of ticket purchase in a leading foreign airline. Victims are led to pay a token of N500 into the account of the airline. The N500 payment which is now dressed as Charity payment is the leeway through which the fraudsters gain access to their victim’s personal information. The victims were deceived into downloading the App of the airline to be eligible for the discount. However, after downloading the App and gaining unauthorized access to their personal details, funds were moved from the victim’s bank account into an account in a Microfinance Bank.

It is important to disclose that this fraud scheme is largely driven by an army of young Nigerians offering a paltry payment of between N1500 and N2000 to their victims to make them surrender a copy of their personal information details to them and sell the same information to some Fintech Institutions for about N5000. These canvassers called themselves “Account Suppliers” or “KYC Group”. Information available to the Commission revealed that the actors are up to 12000 all over the country seeking account donors that will surrender their NIN registration slip, BVN, passport photograph and other means of identification for a little fee. These information are then used to open accounts with Fintech companies for investment scam and sundry fraudulent schemes.

The Commission has made some arrests in this regard and recoveries of money lost to fraudulent Promo actors and Account Suppliers are ongoing. Members of the public are enjoined to be wary of these actors and on no account should any Nigerian agree to be an Account Donor for any purpose as this is a threat to national security.

The EFCC is committed to safeguarding the financial space of the nation in the overall interests of all Nigerians.

ShareTweetSendShareShare
Previous Post

Editors Resolve to Set up Fact-check Desks in Newsroom to Fight Fake News

Next Post

TINUBU MEETS CHAIRMEN OF GENCOS, PLEDGES TO RESOLVE LONGSTANDING DEBT CLAIMS

Related Posts

SOUTH WEST GOVERNORS, STAKEHOLDERS RALLY FOR POWER DEVOLUTION, REGIONAL GROWTH AT PARLEY IN ONDO
Across the Nation

SOUTH WEST GOVERNORS, STAKEHOLDERS RALLY FOR POWER DEVOLUTION, REGIONAL GROWTH AT PARLEY IN ONDO

October 29, 2025
Development Has No Party,  Progress Knows No Partisan Affiliation – Afenifere Leader
Across the Nation

Development Has No Party, Progress Knows No Partisan Affiliation – Afenifere Leader

October 29, 2025
TINUBU EMBARKS ON STATE VISIT TO SAINT LUCIA, ATTENDS BRICS SUMMIT IN BRAZIL
Across the Nation

PRESIDENT TINUBU SIGNS INSTRUMENT OF CLEMENCY AND PARDONS, MOVES SECRETARIAT OF PREROGATIVE OF MERCY COMMITTEE TO JUSTICE MINISTRY

October 29, 2025
Gov AbdulRazaq Receives 23 Freed Abductees, Says Kidnappers Have ‘No Place in Kwara’
Across the Nation

Gov AbdulRazaq Receives 23 Freed Abductees, Says Kidnappers Have ‘No Place in Kwara’

October 28, 2025
WHY NIGERIA IS BEST FOR GLOBAL MINERAL INVESTMENT – ALAKE 
Across the Nation

WHY NIGERIA IS BEST FOR GLOBAL MINERAL INVESTMENT – ALAKE 

October 26, 2025
Viewpoint: Patient Data at Risk: Why Nigerian Healthcare Must Strengthen Cybersecurity
Across the Nation

Viewpoint: Patient Data at Risk: Why Nigerian Healthcare Must Strengthen Cybersecurity

October 26, 2025
Next Post
TINUBU MEETS CHAIRMEN OF GENCOS, PLEDGES TO RESOLVE LONGSTANDING DEBT CLAIMS

TINUBU MEETS CHAIRMEN OF GENCOS, PLEDGES TO RESOLVE LONGSTANDING DEBT CLAIMS

RECOMMENDED NEWS

Oyo Pledges to Curb Drug Abuse, Illicit Trafficking

2 years ago

MAN ARRESTED FOR TAMPERING WITH N57.5M MISTAKENLY CREDITED TO HIS ACCOUNT

2 years ago

Why The Presidential Tribunal Should Never be Televised Live

2 years ago

Metro And Castle Celebrates 2024 Realtors Hangout, Opens 150 Capacity Free Training Center

11 months ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    BREAKING: TINUBU CHANGES SERVICE CHIEFS

    0 shares
    Share 0 Tweet 0
  • We’re Determined to Deliver Port Harcourt Ring Road Project – Governor Fubara

    0 shares
    Share 0 Tweet 0
  • TINUBU TO INEC CHAIRMAN, JOASH AMUPITAN: SERVE WITH INTEGRITY AND BEYOND REPROACH

    0 shares
    Share 0 Tweet 0
  • Group Commends Senate For The Passage of Sexual Offences Bill 2015, Which Prescribes Life Sentence for Rapists

    0 shares
    Share 0 Tweet 0
  • ‎Group Revises Inflation Rate Projection to 14% from 17 Percent for December

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.