Criminologist alerts Nigerians on loan recovery fraud

A criminologist at the University of Ibadan, Dr Oludayo Tade, has alerted the public on a new loan recovery scam reportedly being used in defrauding Nigerians.
Mr Tade raised the alarm in a statement entitled “Loan Recovery Scam: A New Strategy for Fraud,” issued on Sunday in Ibadan.
According to him, text messages are being sent to some people from a fictitious bank claiming that they have been named as guarantors for certain loans purportedly taken by others.
“The story will then be that the guarantor must ensure that the loan procurer pays back or a legal case will be instituted against him/her,” he explained.
The criminologist noted that such messages were being crafted in such a way that the recipients would be put under pressure to call the senders who would eventually dupe them.
He also noted that the fraud messages were usually composed to threaten the receivers that the police would be involved in the matter, with a view to compelling them to call the senders.
Mr Tade advised Nigerians, who had received such messages, to simply ignore them since 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,” he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

NationWide
NRC reaffirms police partnership to protect rail assets
Mr Opeifa described the nation’s railway infrastructure as critical national assets that must be safeguarded.

Africa
Ghana TikToker jailed after claiming President Mahama sacrificed 32 cows to win election
Mr Mahama made a comeback in 2024 after losing reelection in 2016.

Education
Taraba college of education to commence degree programmes
The provost assured parents of uninterrupted academic activities.

Heading 3
Nutrition 774: Shettima urges LG chairmen to tackle malnutrition
He described local government chairmen as the closest tier of government to the people.

NationWide
CDD tasks Nigerian leaders on community development
Ugwe Benedict, one of the school administrators, said the project would bring relief to the school.






