Welcome to another episode of our fraud education series, and this one is a must-read.

Last week, we shared how Mr. Sam dodged a WhatsApp scam. Today, we’re diving into something a little more complex and dangerous: a money laundering trap disguised as generosity.

Ada runs a small charity organisation and had been reaching out to companies for sponsorships for her upcoming project. She got a few positive responses, some rejections, and carried on preparing for the big day.

Then, something wild happened.

She received a credit alert of ₦10,000,000.

Yes. Ten million Naira, just like that. No prior agreement. No heads-up.

At first, she was stunned. “Could one of the sponsors really have sent that much support?”

But even before she could process it fully, she got a call.

"Hi Ada, we accidentally sent ₦10 million instead of ₦1 million. Please help us by sending ₦9 million back to this other account.”

Thankfully, Ada didn’t act in a hurry. She reached out to a lawyer friend, who immediately suspected something was off. The friend then connected her to someone at EFCC for further guidance.

After a quick investigation, it turned out that this wasn’t a simple banking error. The same “company” had been flagged before. It was part of an ongoing scheme where fraudsters launder money through unsuspecting NGOs, making it look like donations and then redirecting most of it to other accounts.

What seemed like generosity was actually a trap.

Why were they asking her to return the money to a different bank account?

Here’s what really happened:

Fraudsters attempted to use Ada’s account to move stolen or illegitimate funds. By asking her to transfer the ₦9M elsewhere, they were trying to make her unknowingly part of a money laundering operation, keeping their account “clean” and free from audits.

What You Need to Know:

1. If a large sum lands in your account unexpectedly, pause and report the activity to the FCCPC, EFCC, CBN, or other relevant law enforcement authorities.

2. Don’t spend money that isn’t yours. Government agencies can track the funds, and you could be arrested for a crime you didn’t commit.

3. Contact your bank immediately and request a proper investigation. This ensures you're protected and not mistaken as the culprit.

Money laundering involves real money and real risks for unsuspecting people. Don’t get caught in the middle.

Next week, we’ll expose another common scam tactic. Until then:

Stay sharp. Stay safe.

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