Aug 27, 2008

EFCC BUST NIGERIAN 419 SCAMMERS

419 fraud is a confidence trick in which the target is persuaded to advance sums of money in the hope of realizing a very much larger gain.



The 419 scam originated in the early 1980s as the oil-based Nigerian economy declined. Several unemployed university students first used this scam as a means of manipulating business visitors interested in shady deals in the Nigerian oil sector before targeting businessmen in the west, and later the wider population.

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