{"id":8485,"date":"2021-07-02T11:31:54","date_gmt":"2021-07-02T10:31:54","guid":{"rendered":"http:\/\/dubawa.org\/dir\/?p=8485"},"modified":"2021-07-02T13:28:51","modified_gmt":"2021-07-02T12:28:51","slug":"fraudulent-scheme-access-capital-investment-company-promises-double-returns-on-investment","status":"publish","type":"post","link":"https:\/\/dubawa.org\/dir\/fraudulent-scheme-access-capital-investment-company-promises-double-returns-on-investment\/","title":{"rendered":"Fraudulent scheme, Access Capital Investment Company, promises double returns on investment"},"content":{"rendered":"\n

Claim:  A viral message on WhatsApp purportedly originating from an investment company, claims to offer double return on investments.<\/strong><\/p>\n\n\n\n

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Findings have revealed that the scheme is fraudulent and the so-called company is not registered with the Corporate Affairs Commission.<\/strong><\/p>\n\n\n\n

Full Text<\/strong><\/h2>\n\n\n\n

A message has been making the rounds on WhatsApp,  urging Nigerians to join Access Capital Investment Group<\/a> to enjoy double return on investments.<\/p>\n\n\n\n

The message which appears in different Whatsapp groups promises a return of N20, 000 for a N10, 000 investment, N40, 000 for a N20, 000 up till N1 million for a N500, 000 investment.<\/p>\n\n\n\n

A name and number was also posted in case an intending investor wants more information.<\/p>\n\n\n\n

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Screenshot of Messages<\/strong><\/em><\/figcaption><\/figure>\n\n\n\n

In order to propagate the message, Dubawa discovered that the fraudsters are in the habit of  first  hacking<\/a> a trusted account, in order to reach the account owners\u2019 audience.<\/p>\n\n\n\n

In this case, after this writer received the message in one of the groups she belongs to around 1:58 p.m., the victim  followed with a disclaimer,  in one of the platforms with a different number, one hour later asking group members to disregard any fraudulent message, because his WhatsApp number had been hacked.<\/p>\n\n\n\n

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Screenshot of the First message<\/em><\/p>\n\n\n\n

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Disclaimer by Azi<\/strong><\/em><\/figcaption><\/figure>\n\n\n\n

Curious to know about this Scam, Dubawa joined the groups, but the instruction “only admins can send messages” first caught this writer\u2019s attention.<\/p>\n\n\n\n

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Screenshot of the first group<\/strong><\/em><\/figcaption><\/figure>\n\n\n\n

Bursting the fraudster<\/strong><\/h3>\n\n\n\n

Soon after joining, I received a message from an unknown number(+234 706 750 4886), at 2: 59pm which sent me testimonial<\/a> videos<\/a>, and a proposal that I will get paid for referring others to the group and also get paid for saving money on the platform. I was also promised a percentage of returns as my principal investment will still be safe. So, I registered with fake details.<\/p>\n\n\n\n

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Immediately a number called me, around 3: 41pm, to confirm my account details,  and I noticed that Truecaller<\/a> tagged the caller “scammer”<\/p>\n\n\n\n

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After the  conversation<\/a> with the caller<\/a>, I got a congratulatory message on WhatsApp, that read’s ” YOUR SUBMISSION HAS BEEN RECEIVED SUCCESSFULLY<\/p>\n\n\n\n

PAYMENT IS TO BE MADE IMMEDIATELY YOUR REGISTRATION IS SUCCESSFUL FOR YOU TO RECEIVE YOUR PAYMENT AT THE DURATION TIME OF 45 MINUTES<\/p>\n\n\n\n

NOTE !!!<\/p>\n\n\n\n

IF YOUR PAYMENT IS SUCCESSFUL KINDLY PROVIDE THE PROOF OF YOUR PAYMENT TO THE SUPERIOR OF THE PLATFORM FOR THE CONFIRMATION OF YOUR PAYMENT”<\/p>\n\n\n\n

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Verification with Truecaller<\/strong><\/h3>\n\n\n\n

I decided to verify the caller’s identity on Truecaller<\/a>.<\/p>\n\n\n\n

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I also verified the Account details, by the so called company:<\/p>\n\n\n\n

ACCESS CAPITAL INVESTMENT ACCOUNT DETAILS<\/p>\n\n\n\n

ACC NAME: FET DAVID<\/p>\n\n\n\n

ACC NO: 3177496762 <\/p>\n\n\n\n

BANK NAME: FIRST BANK”<\/p>\n\n\n\n

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Then I discovered that the account name does not correspond with the company Name, since every registered company<\/a> carries the company details.<\/p>\n\n\n\n

I went further to confirm the company registration on Corporate Affairs Commission<\/a> but It was not found.<\/p>\n\n\n\n

I also ran a word search, and I found a warning<\/a> that read’s ” Pls Don’t Get Involved With Access Capital Investment. They Scammed Me Yesterday”<\/p>\n\n\n\n

Tips to avoid being conned<\/strong><\/h3>\n\n\n\n

As outlined by Federal Trade Commission<\/a>:<\/p>\n\n\n\n