New Telegraph

US extradites 3 Nigerians from the UK over $5m fraud

The United States Government has extradited three Nigerians from the United Kingdom over their alleged involvement in a multimillion-dollar cyberenabled business email compromise (BEC) fraud schemes in the Western District of North Carolina, Southern District of Texas and Eastern District of Virginia. Oludayo Kolawole John Adeagbo aka John Edwards and John Dayo, 43, a Nigerian citizen and UK resident, and Donald Ikenna Echeazu aka Donald Smith and Donald Dodient, 40, a dual UK and Nigerian citizen are said to have fraudulently made millions from the scheme.

The scams allegedly perpetrated by the defendants and their co-conspirators targeted unsuspecting victims including universities in North Carolina, Texas and Virginia, and attempted to cause more than $5 million in losses. BEC, also known as “cyberenabled financial fraud,” is a sophisticated scam often targeting employees with access to company finances, businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments.

The same criminal organisations that perpetrate BEC also exploit individual victims, often real estate purchasers, the elderly, and others, by convincing them to make wire transfers to bank accounts controlled by the criminals. This is often accomplished by impersonating a key employee or business partner after obtaining access to that person’s email account or sometimes done through romance and lottery scams.

Read Previous

Population: ‘Nigeria’ll rank 3rd largest in the world by 2050

Read Next

Govs’ve no basis to complain about $418m deduction from Paris Club refund –Malami

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular