Criminologist alerts Nigerians on new loan recovery fraud



A Criminologist at University of Ibadan, Dr Oludayo Tade, has alerted public on a loan scam reportedly being used in defrauding Nigerians.

Tade raised alarm in a entitled: “Loan Scam: A Strategy for Fraud”, issued on Sunday in Ibadan.

According to him, text messages are being sent to some people from a fictitious , claiming they have been named as guarantors for certain loans purportedly taken by others.

story will then be the guarantor must ensure the loan procurer pays back or a case will be instituted against him/her,” he explained.

The criminologist noted such messages were being crafted in such a way the recipients be put under pressure to call the senders who eventually dupe them.

He also noted that the fraud messages were usually composed to threaten the receivers that the police be involved in the matter, with a view to compelling them to call the senders.

Tade advised Nigerians, who had received such messages, to simply ignore them  they did not stand as guarantors for any loan to anyone.

He also urged them to simply ignore or delete such messages or report to the police in order to move against the fraud syndicate.

“Do not panic to the extent of calling them. If you are worried, inform the police. Do not allow fraudsters to play a fast one on you by mounting unnecessary pressure,” the don said. (NAN)