The rate of online fraud is currently on the rise like never before, atleast that's one thing that we're certain will forever increase.
Instead of stock trading, imagine if the world was actually trading on crime rates, everyone into trading will practically be rich cause crime rate will always be on the increase.
In our country Nigeria which is far far underdeveloped (I was shocked to realise my country was among the underdeveloped countries, a whole giant of Africa) where we don't even have adequate information about our citizens.
Incase of an online fraud in which one makes payment into a fraudsters account using online banking there solution given is usually this:
How to recover your money after being scammed
Take a screenshot of the conversation you had with the online vendor on social media (Instagram, Facebook and Twitter).
Copy out the full name and account details of the vendor who scammed you.
If you made the transfer via your mobile app or SMS, go to your transaction history and copy out the “Transaction ID Number” of that transaction.
All banks have a team in charge of online fraud. Send an email to your bank’s E-fraud team as well as the online scammer’s bank, with proof of the transactions and forward a copy of the mail to CBN FRAUD DESK. This will help the bank to place the scammers account on hold.
With this, the scammer will not be able to carry out any transaction until they visit the bank.
If you don’t have their email address, you can walk into your bank or the scammer’s bank, and speak to the customer service in charge of fraud to file a complaint.
Your bank will direct you on the steps to recover your money.
Report to the police and also speak to a lawyer to file an expert court order. With a court order, the bank will release the information of your scammer to the police to help track them and recover your money.


But has it ever worked for you?
If you've been scammed and have complained to the bank about it, kindly share your experience.
Cause someone close to me just got scammed of all her savings just last night and even had to borrow extra money to get scammed again