Saturday, October 17, 2009

Olu Ayeni; the story of a successful fraudster

You call it fraud, we call it hustle' - On July 2, 1996, officers of the Federal Investigative and Intelligence Bureau (FIIB), Nigeria, accompanied by U.S. Secret Service agents and the Regional Security Officer in observer roles executed search warrants on an operational base for advance fee scam...16 locations in Lagos, resulting in the arrest of 43 Nigerians. One of the addresses,
No. 84 Okota Road, Ire Akari Estate, Isolo, was not Dyke Bourder Oil Services as initially claimed but an operational base for advance fee scam. Nineteen Nigerians were arrested at the address and two facsimile machines and five telephone sets were seized along with a fake letterhead from the Central Bank of Nigeria, and the Nigerian National Petroleum Corporation. Also confiscated were international business directories, files of correspondence from victims worldwide and N390, 000 (approximately) US$4,800) believed to be proceeds from advance fee scams. Thirteen years on, the scam has burgeoned into full blossom drawing patronage from an unending stream of con artists comprising young Nigerian adults and more astonishingly, teenagers.
The story of the world of advance fee fraudsters who would rather be appreciated as "hustlers" – harmless ones to be precise.