Skjold
14 November 2005, 09:02
Professor Charles S. Soludo – The Facts, The Fiction and The Scam
1. The Facts
2. The Fiction
3. The Scam
1. The Facts
Professor Charles S. Soludo is the Governor of the Central Bank of Nigeria. He is an economics major from the University of Nigeria where he also got his PhD with honors. Apart from his education at the University of Nigeria he has among other universities attended both Oxford and Cambridge. He has been governor of the Central Bank since 2004 and before this he has worked with both the World Bank and the United Nations Economic Commission for Africa. Apart from this he is either author or co-author of more than 76 academic and professional publications, including ten books. Suffice it to say that he has a solid name that scammers will try and take advantage of. Find more information on Charles Soludo on the official website of the Central Bank of Nigeria here:
http://www.cenbank.org/aboutus/BOARDOFD.HTM#Professor%20Charles%20Soludo
2. The Fiction
The fiction of this scam is that there are a large number of outstanding contract payments due to foreign contractors that are yet to be settled. Professor Soludo will tell the recipients of the scam mail that their contract is next on the payment list.
The scam will have you believe that you accidentally received an email intended for one of those foreign contractors. The idea is that you, out of greed, will stand in as the recipient of the contract sum that is often well over 30 million USD.
Part of the fiction is also the notion that if the payment of such huge contract sums is not handled more carefully then it can end up in a stranger's email inbox.
Finally, it should be pointed out that the Charles S. Soludo whose message arrives in your email box is, of course, not the real Govenor of the Central Bank of Nigeria but merely a scam artist posing as him.
3. The Scam
In the scam email you will be told that your contract payment is now due to be transferred to you if you contact Professor Soludo and furnish him with your personal details, i.e., full name, telephone number, bank account (see more about identity theft here (http://www.fraudwatchers.org/forums/showthread.php?t=251&highlight=identity+theft)) and your passport.
The scammer hopes that you will pose as the foreign contractor, in which case he will play along. If a possible victim tells the scammer he is not the intended recipient of the email, chances are the scammer will still try to scam the victim. In this case the scammer will ask the victim to stand in as the foreign contractor and receive a percentage of the contract sum.
In the scam it has been seen that the contract sum can either be transferred to the victim’s bank account or delivered by diplomatic courier service. In either case the money is of course made up and you will have to pay substantial fees upfront before you find out there is no money – hence the advance fee fraud.
This article Copyright:
Fraudwatchers.org 2005
Written by Skjold
1. The Facts
2. The Fiction
3. The Scam
1. The Facts
Professor Charles S. Soludo is the Governor of the Central Bank of Nigeria. He is an economics major from the University of Nigeria where he also got his PhD with honors. Apart from his education at the University of Nigeria he has among other universities attended both Oxford and Cambridge. He has been governor of the Central Bank since 2004 and before this he has worked with both the World Bank and the United Nations Economic Commission for Africa. Apart from this he is either author or co-author of more than 76 academic and professional publications, including ten books. Suffice it to say that he has a solid name that scammers will try and take advantage of. Find more information on Charles Soludo on the official website of the Central Bank of Nigeria here:
http://www.cenbank.org/aboutus/BOARDOFD.HTM#Professor%20Charles%20Soludo
2. The Fiction
The fiction of this scam is that there are a large number of outstanding contract payments due to foreign contractors that are yet to be settled. Professor Soludo will tell the recipients of the scam mail that their contract is next on the payment list.
The scam will have you believe that you accidentally received an email intended for one of those foreign contractors. The idea is that you, out of greed, will stand in as the recipient of the contract sum that is often well over 30 million USD.
Part of the fiction is also the notion that if the payment of such huge contract sums is not handled more carefully then it can end up in a stranger's email inbox.
Finally, it should be pointed out that the Charles S. Soludo whose message arrives in your email box is, of course, not the real Govenor of the Central Bank of Nigeria but merely a scam artist posing as him.
3. The Scam
In the scam email you will be told that your contract payment is now due to be transferred to you if you contact Professor Soludo and furnish him with your personal details, i.e., full name, telephone number, bank account (see more about identity theft here (http://www.fraudwatchers.org/forums/showthread.php?t=251&highlight=identity+theft)) and your passport.
The scammer hopes that you will pose as the foreign contractor, in which case he will play along. If a possible victim tells the scammer he is not the intended recipient of the email, chances are the scammer will still try to scam the victim. In this case the scammer will ask the victim to stand in as the foreign contractor and receive a percentage of the contract sum.
In the scam it has been seen that the contract sum can either be transferred to the victim’s bank account or delivered by diplomatic courier service. In either case the money is of course made up and you will have to pay substantial fees upfront before you find out there is no money – hence the advance fee fraud.
This article Copyright:
Fraudwatchers.org 2005
Written by Skjold