Adewale Adesanya, 45, has admitted to fabricating false bank warnings in order to scam point of sale (POS) operators and company owners in Oyo State.
The suspect, who lived at No. 7 Awosika Street, Old Bodija, Ibadan, was apprehended by a team of detectives led by Insp. Esoso Esoso, according to the State Commissioner of Police, Adebowale Williams, who was parading the suspect at the police headquarters in Eleyele, Ibadan.
Adesanya was detained with four bottles of Dom Perignom champagne, each worth N117,900.
The suspect allegedly claimed that a business buddy had taught him how to commit the fraud, according to Daily Trust.
He claimed that using false alerts they created using a phone app, they purchased goods worth millions of naira.
The suspect claimed that the most recent transaction that made him vulnerable cost him roughly N185,000, for which he created a false alert for an Ibadan POS operator.
He said, “I cannot lie again. It is true we are doing the business. We have an application we use to generate fake alerts for POS operators. I am not the only one doing it. My second person fled when he heard I was arrested. We make millions of naira with this business. The last one I did was N185,000.”
