Concealed chaos

Inside The Unsightly Underbelly Of Fraud Attacks In Nigerian Fintech

By  |  January 27, 2022

February 14, 2021.

As the world wakes up to yet another instalment of the lovers’ delight and singles’ dismay that is Valentine’s Day, Moses Emuka is too shocked to even know what day it is.

Emuka, an Ondo-based studio engineer in his late twenties, is stunned alright, but it has nothing to do with a lover’s grand gesture or the discovery that he’s the side piece after all. On that Sunday morning, he’s upset because it’s occurred to him that, as folks are gifting and getting gifted, he’s managed to gift all the money in his bank account to a scammer. 

The theft had been carried out through his online betting account on SportyBet, which was a punter's favourite among local Nigerian bettors at one time.

“At about 3:18 pm the previous day, I received a call from someone claiming to be from SportyBet while I went to buy some food items from the market. I was told that I qualified for a special bonus on SportyBet and they would like to confirm that the SportyBet account be...

Most Read


MPost Is Turning Phones Into Addresses In Fresh Push To Fix African E-Commerce

In the heart of Africa’s bustling tech scene, one long-standing startup remains steadfast


Headway Beyond Headlines: How Roscas Plans To Crack Mozambique’s Financially Underserved Market

While headlines trumpet a tech boom in Africa’s biggest economies, a quieter revolution


Ride-hailing Users Are Uneasy About Lagos Govt Collecting Real-Time Trip Data

A controversial issue—one that spotlights the complexities of privacy, regulation, and the evolving