Oluniyi D.Ajao
Personal blog of an Internet Entrepreneur & Technology Enthusiast
Posts Tagged with "scam"
Interswitch Nigeria & member banks move against ATM fraudsters
Long after several people have been defrauded of their money through social engineering scams, Interswitch Nigeria the leading issuer of local ATM/Debit cards appears to be acting now. According to a recent report by Daily Trust: Interswitch Nigeria Limited in collaboration with banks last week inaugurated an awareness campaign to protect ATM card holders against fraudsters [...]
Continue reading...Scandals rock Obasanjo’s family
Wednesday, January 16, 2008
One would have thought the accusations against former President of Nigeria Olusegun Obasanjo would have been limited to corruption allegations. But a sex scandal? Geez. What is this world turning to? This is the height of moral decadence if indeed it is true. Gbenga Obasanjo (Olusegun Obasanjo’s first son) is accusing his wife of having sex [...]
Continue reading...Dealing Spammers/Scammers a deadly blow
Saturday, December 22, 2007
I have a friend over at “Yomi Says“. We have a few things in common that I am aware of. Some are: we both blog, we both run web hosting operations, we both hate spammers/scammers! He even has a category on his personal blog called “Hall of Shame“, where he exposes some of the scammers [...]
Continue reading...How to reduce Internet Banking Fraud
Thursday, December 13, 2007
Two days ago, I did a blog post titled “Woes of a Nigerian Internet Banking Customer” with a promise to do a follow-up post, offering suggestions. Well, this is it. First, it is defeatist for a bank to cancel online funds transfer when it is possible to minimize the effect of fraud. I would start with [...]
Continue reading...Agloco Scam: Agloco is dead, waiting to be buried ;)
Tuesday, December 11, 2007
I was researching this evening, try to gather some material for my next blog post when I came across this screaming headline: AGLOCO Dead: May Your soul rest in pieces! I couldn’t help chuckling. The same Agloco that was heralded as been a potential gold mine for the army of wanna get-rich-quick Internet users? Geez. [...]
Continue reading...Woes of a Nigerian Internet Banking Customer
Monday, December 10, 2007
Scam emails have been circulating the Internet for sometime now, attempting to trick people into entering their bank account login details into a fake version of their financial institution’s website. This criminal activity is known in Internet security circles as Phishing. To drive-home the point, I am quoting Wikipedia’s accurate description of Phishing: In computing, phishing [...]
Continue reading...Beware of fake Interswitch emails
Sunday, November 25, 2007
Interswitch is the leading ATM/POS network in Nigeria and is the power behind the debit/ATM cards issued by over 20 banks in Nigeria including Guaranty Trust Bank, UBA, Intercontinental Bank, First Bank, Union Bank, Ecobank etc. To make payment online using an Interswitch card, all that is needed is the card number and PIN. This makes [...]
Continue reading...CashEQ is a fake e-currency site. Beware.
Friday, September 28, 2007
An email has been going round on the Internet recently with the subject: TGE Newsletter. Tired of E-Gold? Try Casheqe!. They are advertising a fake e-currency service. Stay away from them! Date: Fri, 28 Sep 2007 09:45:06 +0000 [09:45:06 AM GMT] From: TGE NEWS <support@CASHEQE.ORG> To: xxx@xxxx.xxx Subject: TGE Newsletter. Tired of E-Gold? Try Casheqe! Welcome [...]
Continue reading...Treasureline Interlink Limited stormed by soldiers and policemen
Tuesday, August 21, 2007
Treasureline Interlink Limited is one of the “wonder banks” in Nigeria, promising unusually high returns on investments. Apparently, not only civilians invest in these HYIP schemes, but soldiers and police men/women alike. According to a story by TheNews, some soldiers insensed by the fact that their “investments” had disappeared into thing air, stormed the offices [...]
Continue reading...Nospetco, Sefteg etc are not registered Fund Managers, says SEC
Wednesday, August 1, 2007
Security and Exchanges Commission (SEC) is the apex regulator of the Nigerian capital market. The commission recently issued a public notice, listing the registered as well as illegal fund managers: The Securities and Exchange Commission hereby informs the investing public that the following companies and the funds they manage are not registered with the Commission. Efforts are [...]
Continue reading...End of Nospetco and other scams?
Wednesday, August 1, 2007
It appears like the end of another long and winding pyramid scheme has come to an abrupt end. According to Nigerian BusinessDay newspaper: “Bubble bursts as ‘wonder bank’ fails to deliver returns” Barely one month after the Central Bank of Nigeria (CBN) sounded an alarm about the re-emergence of wonder banks in the country, the bubble [...]
Continue reading...Moneybookers scams (Phishing emails)
Wednesday, July 11, 2007
You might have received such email before, purportedly from Moneybookers. I receive such regularly, and even got one just this early morning. The mails look real, asking you to accept a payment or update your account information. Of course, the mail is fraudulent and will only lead you to a fake website that will keep [...]
Continue reading...Is Capitalex.com an e-currency exchange scam?
Monday, July 2, 2007
Capitalex.com according to information retrieved from the 17th March 2007 version of their website through the Internet Archive WaybackMachine: Capitalex.com Inc. is a global gold merchant corporation, established in the Republic of Panama as a subsidiary of the International Currency Conglomerate (ICC). In business since March 2004, Capitalex.com is dedicated to making a decisive difference in the [...]
Continue reading...HYIPs that are scams. How to tell.
Sunday, March 11, 2007
It might sound like a contradiction to many – HYIPs that are scams. Why? Many believe that all HYIPs are scams. I am not about to give a verdict on that. I would rather leave the judgement to you. However, it cannot be disputed that most HYIPs on the Internet are scams. There are almost [...]
Continue reading...Beware of GoldxCash!
Friday, December 29, 2006
About 11 months ago, I read a newsletter from Capitalex.com about Goldxcash being a scam. I visited the goldxcash website and could confirm that they indeed stole Capitalex’s web design. Well, some months later, I fell for it too. By then, I had forgotten the website Capitalex was warning about. GoldXCash is a scam Submitted by Capitalex.com on [...]
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Wednesday, July 2, 2008
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