How does the Nigerian Scam Work?

"Nigeria scam", also known as "Nigeria scammer", "Nigeria trap" or "419 scam", is a scam established by international scammers under the name of Nigeria. Named after its origin in Nigeria. There is no direct relationship with this country, and it has always been a headache for police in various countries. Because of its vast territory and rich oil and mineral resources, Nigeria's economy has always been relatively rich among African countries. However, due to its severe corruption problems and the successive years of civil war in neighboring countries, many wealthy people hope to transfer assets through third parties to protect their wealth. However, this is becoming a way for scammers to cheat around the world.

Nigerian scam

Scammer

As Asia's economy took off, many scammers shifted their targets from European and Americans to East Asia. These scammers are impersonating a local bank or

To protect your interests, when encountering mail from West African countries such as Nigeria, pay attention to the following situations:

1) The central content of the email is related to a huge sum managed to be transferred from Nigeria or other African countries. Since the local government levies a high tax on this huge property, he needs to transfer it to your foreign account to evade taxes. In order to thank you for your help, he is willing to pay you a decent amount of money when things are done. In addition, the letter will also include the account number of the Nigerian bank where the money is currently located, and you are encouraged to verify it. If you show interest in this matter, he will then ask you for a handling fee and so on. This type of email is a typical Nigerian scam. It is a very typical scammer from the 1980s. It is named after Nigeria. The bureau makers use the psychological and financial lack of financial eagerness of netizens in online marketing to set up bureaus to cheat money, so please be careful not to be fooled

2) Take advantage of weaknesses in some Chinese companies that are not familiar with foreign bidding procedures. In the e-mail, international bidding was conducted in the name of the Community of West African States, other regional economic organizations and government procurement to attract Chinese companies to bid on preferential terms. The bidding company is then required to pay one or another of these fees up front. Others, in the name of official agencies, invited foreign companies to negotiate and sign "government procurement contracts" to buy goods at high prices and cheat some companies' trust. The scammers then demanded that they pay the commission in advance. When a large amount of fee fraud is in hand, the following is gone.

3) For the first contact, after receiving the first round of quotation from the exporter, the foreign customer did not raise any objections to the price and product specifications, that is, they promised a large order and asked the exporter to provide a proforma invoice. Then, the exporter was required to pay this fee in advance on the grounds of applying for government approval or registering with the Ministry of Health. After the exporter pays, the customer is dead, and there is no message.

4) The customer pays the deposit in the form of a check or a money order, and then asks the exporter to ship immediately. Due to the receipt of the bill, the bank failed to collect it or found that the bill was forged, which is often too late.

5) After the first contact, the exporter is required to provide an invitation letter to China. The purpose is to use domestic enterprises to send invitation letters. In fact, there is no real intention to purchase or visit the enterprise. We recommend that you do not send invitation letters to unfamiliar customers, so as not to affect the reputation of the company when they have illegal acts in China.

Although there are such scams and frauds, objectively speaking, Nigeria is still a big market. The key is that when we do business with Nigerians, we must strictly follow the rules of the game and adopt a trade method that is beneficial to ourselves. , Then the prospect of selling products to the Nigerian market is still very broad. Here are some tips for doing business with Nigerians:

1) The L / C issued by the client entrusted by any bank in Nigeria, we must require that it must be confirmed by a third country bank with good credit (such as foreign exchange)

HSBC Bank,

"A lot of people don't understand why someone is fooled by them," said Peter Lei, an economic crime research expert who studies Nigerian scams. "In fact, this is not a general fraud, but a group of fairly organized professional scammers. A well-planned hoax. "

Oil merchant diverts scams

The cause of the Nigerian scam was related to the plunge in oil prices in the mid-1980s. Oil is the largest in Nigeria

Warning for scam in Nigeria

In retrospect, the Gasmiers acknowledged that they had also been suspicious, but the temptation of huge "property" made them lose their rational thinking, and after paying a few dollars, they got deeper and deeper and couldn't extricate themselves. The Nigerian scam is using this psychology to cheat large sums of money from those hooked.

In addition, many people have been afraid to laugh at relatives and friends after being deceived, and they have never dared to call the police; some people still want to recover the money by themselves.

In this regard, the U.S. Economic Intelligence Agency has warned people to be extra careful: Nigerian scams are not ordinary scams. They are a transnational economic criminal organization that not only buys out certain government officials of the Nigerian authorities, but also uses extremely malicious methods. Some American deceived people went to Nigeria to find their accounts in an anxiety, but they returned nothing. Consumers who receive such e-mails must report to the relevant authorities in time to avoid disaster.

Economic crime experts who study the "Nigeria scam" said that this is not a general fraud, but a scam carefully planned by a group of fairly organized professional scammers. It first uses the psychology of ordinary people to accept "little requests" and asks for remittance fees, and then finds an excuse for you to remit some taxes and other costs. It uses step-by-step money to make bait so that you can take these relatively small amounts first. The money was transferred to him, but after the other party got the money, it evaporated. ^[1]