What happened
Sahara Reporters reported on 13 November 2026 that police from Zone 2 command arraigned Fakayode Kabiru, 32, before a Lagos magistrates' court on a two-count charge of obtaining money under false pretences and stealing, under Sections 314 and 287 of the Criminal Law of Lagos State, 2015. The prosecution alleges that in March 2024 in the Mushin area of Lagos he obtained ₦30 million from a businessman by representing himself as a staff member of Heirs Insurance and saying he would deposit the money with the firm, using the name of his former employer, and then converted the money to his own use. According to the complainant's petition, ₦10 million was meant for a six-month investment and ₦20 million for a fixed deposit, part of the money was paid into the defendant's personal account, and interest payments stopped. Heirs Insurance is a legitimate company whose name was allegedly spoofed; it is not accused. The case was adjourned to 19 November 2026; no plea was reported. These are allegations.
How the scam works
Impersonation schemes borrow a trusted name — a school, a police force, a bank, a well-known person or a regulator-registered firm — so that a message, a website or a phone number looks official. The real organisation is not involved and will not ask you to pay, log in or send money through a surprise link or an unlisted number. Look up the official contact details yourself and call or write there. If you have already paid or given personal information, contact your bank and report the incident to the police or your national cyber-crime service.
Source
Source: https://x.com/SaharaReporters/status/2121245910663397522 (@SaharaReporters, Nov 13, 2026, 9:16 AM ET); http://saharareporters.com/2026/11/13/nigerian-police-arraign-heirs-investment-ex-staff-alleged-n30million-fraud-lagos (Sahara Reporters, 13 Nov 2026)
