FAKE ALERT & TRANSFER ON A WILD LOOSE!!!

I think it’s high time we discussed this issue before it starts going rampant on the streets once again like it did in the past, i don't understand why HUMANS can be so heartless and inhumane enough to scam their fellow human of their HARD EARNED MONEY, it is an obvious fact that the world is filled with EVIL, the rate at which the bad people are increasing on a daily basis is quite alarming and shocking, no doubt that the world is filled with both good and bad people, but now i am starting to doubt if there are still many good people out there…

The rate at which SCAMMERS of different calibers are scamming both the commoners and the rich is quite alarming, and i think it’s high time we put an end to this madness of a thing, i know it will be hard to eradicate scams totally but i think if ENOUGH AWARENESS is created, people can avoid being victims of such criminal acts…

One of the categories of scams we are facing in Nigeria presently is the theft of FAKE ALERT 🚨, oh yeah fake alert, a lot of retailers, wholesalers, and many other business owners have fallen victims to Fake alert scams in the past, this has happened in different ways and different parts of my country, and my state and Lagos state holds the top of the leaderboard in this aspect, which means these two states are the common preys these evil people prey on…

I don’t think you all understand what i am trying to say about the issue of this fake alert scam, let me break it down for those who are finding it difficult to understand. Fake alert is a situation where by a customer purchases a particular amount of goods from either a store or a vendor, and instead of paying in CASH, he or she chooses to pay with BANK TRANSFER, in this case the buyer generates a false debit alert statement on his or her phone in one way or another and shows it to the seller/vendor as a confirmation of payment...

In this situation, most sellers don’t really wait for them to get the credit alert on their phone before they release the goods to the buyers, since they have been shown a false debit alert receipt with THEIR FULL NAMES on it, they become automatically convinced that the payment has been truly made into their account, and after hours of waiting for the credit alert, no funds comes in, and by the time they realize it was a fake transfer, the buyer would have gone too far to be chased or maybe gotten to his or her destination successfully without being caught, which means he or she has successfully made away with the goods without payment…

We never had anything like fake transfer in the past, but thanks to the daily advancement in science and technologies, a lot of applications have been created by evil people to scam others of their hard earned money, the issue of fake credit alert and transfer was rampant some years ago, which means a lot of people like the SELLERS of goods AND P.O.S agents were the main victims and target of this fraudulent scheme…

This fraudulent act went rampant for a while and suddenly died down, things went back to normal again as people now stopped accepting cash transfers as means of payment, every one decided to go with mainly cash, and few people use their terminal to withdraw directly from the buyers account through his or her ATM CARD…

This died down for a while back then,which means everything went back to the way it was as people were now very wise and on the lookout of such acts, even traders stopped accepting transfers at that time and went for cash payment, there was circulation everywhere, until a couple of months ago when it started growing back again into the world of men, I remember almost falling victim to it one time in the past, i was still a loan collector that year, and since we run P.O.S services, customers come to withdraw from my firm…

  HOW I ALMOST BECAME A VICTIM…

I was at work that faithful day, preparing to set out for my daily collection, just as i was about to move out, a customer came upstairs to withdraw from us, normally we accept transfer and atm card withdrawals, on this day this particular customer decided to make transfer instead, we called the company’s account number for him and he confirmed the name, and made a transfer of #10,000, he was given a debit alert receipt, he showed it to us(ME and my boss’s wife), we saw his debit alert with our name as the beneficiary, but we never got the credit alert on my boss’s wife’s phone…

We decided to wait a bit to see if it was going to enter, minutes later the customer had already started pestering us to give him the cash he transferred to our account, my boss told him she hasn’t seen the alert yet that he should wait for a while, she decided to check her mobile app to confirm the credit alert, fortunately for her she didn’t see it, it was at this point this man started acting suspicious, since we weren’t making an attempt to pay him, he started pestering us and we kept on refusing to pay him…

Shortly after, he told us he is coming back that he wants to get something downstairs, and by that time the money would have dropped, we said okay and he went. Till today he hasn’t come back for his money and we didn’t get any credit alert throughout the day, after he left my boss’s wife told me the guy was a scammer, and what he did was a FAKE TRANSFER, I couldn’t believe my ears and eyes because I verified the debit alert with my company's bank name ad the beneficiary with my own two eyes, i was shocked…

In summary, I witnessed a fake transfer for the first time in my life that day, and the funniest thing is that we almost gave him the cash at some point, until he started acting suspicious, but thankfully we didn’t loose the 10 USDT to him back then…

In conclusion, We need to be very careful when dealing with online transfers and transactions as a means of payment, nobody is to be trusted, trust your app and account manger and you wont be a victim of fake alert/transfer…

I will be stopping here for now, and in my next post, i will be talking about my latest experience with the issue of FAKE TRANSFER and how to avoid being a victim, because I realize this is becoming rampant once again, and just yesterday a friend of mine JOY was scammed of #14,000 the same way, I don’t want anyone to be scammed this way again. It’s high time we put an end to this fraudulent scheme, we need to wise up and be at alert at all times…

NB, the images were designed by me on canva…

   THANKS FOR READING…

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