Quote1. You walk to an ATM and someone (fraudster) approaches you. The person may show you wads of cash and claim they have exceeded their withdrawal limit of 150k, and that they still need more cash. They then plead to make a money transfer into your own bank account so that you can withdraw it for them.
2. The TROUBLING thing in this seemingly harmless random act of kindness is that transfers are usually made from STOLEN PHONES or H@ckED BANK ACCOUNTS!!!
3. The person who owns the bank account which the money transfer was initiated from would report to his bank, and the bank would send out a circular to the recipient’s bank with instructions to be carried out – which usually includes freezing your own account, BVN flagging, and on most times an order for your apprehension.