The Nigeria Police Force has warned the general public to exercise extreme caution when engaging in discussions or transactions that involve pecuniary obligations, as an international fraudster was arrested and extradited to Nigeria. 

The Force spokesman, ACP Olumuyiwa Adejobi, made this warning while updating media on successful extradition of suspect in a case of criminal conspiracy, fraud, and obtaining by false pretence said the extant case involves a complaint filed by one Akinola Bayo Michael, who, in October 2021, sought to obtain foreign exchange (forex) for the purpose of purchasing a machine from the Netherlands.

According to him, Michael sent a substantial sum of Four Hundred and Ninety Two Million, Seven Hundred and Fifty Thousand Naira (₦492,750,000) only to the bank account of  Mohammed Sulaiman. However, instead of facilitating the forex transaction as agreed, Sulaiman transferred the funds to another individual, Mohammed Hassan Barau.

He revealed that the transaction was flagged as fraudulent, leading Michael to return the funds to the sender and realizing that he had been a victim of fraud,. Michael made
multiple attempts to recover his money but was unsuccessful.

In another case of Fraudulent Conversion of Funds, Forgery, And Threat To Life, Adejobi said, the case centers around one. Ifeanyiwas Anthonia Ugoh, who filed complaint against one Peace Ekom Robert. 

Ugoh had communicated with Peace Ekom Robert, indicating that she had access to a significant sum of 600,000 Euros for forex trading. In response, the suspect claimed to have a client requiring 780,000 Euros.

The suspect and her client, . Ugoh arranged for her client to make payments totaling 55,000 Euros in two installments and subsequently, the suspect provided an account balance statement, allegedly showing a remarkable 5.3 billion Naira, demonstrating her client's financial capacity for the transaction.