The Nigerian Advance Fee Scam

Though our community and the government are doing their best in keeping us all safe and secured we also have an innate responsibility to protect ourselves physically and financially. There are many scams out there that are just waiting for us to fall prey and lose our hard-earned money. One of these scams is the Nigerian Advance Fee Scam which is widely spread in the country today as well as in other parts of the world.

The Nigerian Advance Fee Scam – or 419 as it is commonly called- is a scheme which commonly targets charities, small and medium sized businesses as well as common people. It has spread its swindling wings not only in the United States but also in Southeast Asia, New Zealand, Australia, and Russia. The scam works by the recipient or victim receiving a letter which is uncalled for claiming to come from a person, surviving spouses of previous government leaders or managers, or Nigerian officials like those from the Nigerian Central Bank and Nigerian Government. On the letter, a Nigerian official will inform the letter recipient that he or she is looking for a trustworthy foreign business owner, charity, company or person who they can rely on. Then they will further say that they will be depositing funds which may range from around $10 – $60 million. They will then ask for sensitive information as well as provide some names and contact numbers from their end in case you may need to call and confirm the letter that they sent.

Within the letters the sender will assure the recipient or the intended victim about the genuineness or authenticity of the agreement. Once the business builds the realization that the letter is a good deal, they will then be asked to send a small fee in exchange of the millions of dollars which will be transferred to their bank accounts. Then the recipient will receive documents which will look official because of seals and logos. But then something goes wrong and then the letter senders will be threatening the victim so the former could extract more money from the victims. Others may even be asked for a meet up in the borders of Nigeria and the situation can even be more dangerous as these scammers and con artists can make plots and ploys so they can ask more money from you. They can put you in a situation where you cannot reject this request in exchange for your own safety.

You must always take heed when you receive letters or emails that look too good to be true. If it looks too good to be true then it probably is. You should do everything you can to safeguard your money as well as safeguard yourself from any potential harms that can put you and your money at risk. Scammers use the promise of huge sum of money as this can easily weaken our reason and logic which then makes us easy and potential victims. Once you get this kind of letters or even emails always ask yourself, why would a stranger like them ask for your assistance regarding a huge sum of money in which case you are also a perfect stranger to them? Also ask yourself why you need to share your information to someone you barely know and have doubts about? With that, you can protect yourself from getting scammed.