The suspect, Adewale Adesanya was reportedly arrested with four bottles of a champagne brand, Dom Perignon, valued at N117,900 each during a raid at a location in Ibadan.
A suspected criminal who uses Point of Sale (POS) to defraud victims has confessed after he was arrested by the police in Oyo State on Tuesday.
The suspect, 45-year-old Adewale Adesanya revealed to security agents how he and his colleagues used to generate fake alerts to defraud unsuspecting business owners, mostly Point of Sale (POS operators).
Adesanya was reportedly arrested with four bottles of a champagne brand, Dom Perignon, valued at N117,900 each during a raid at a location in Ibadan.
While answering questions during a brief interview at the police headquarters, Adesanya told newsmen that his colleague in the business trained him in the fraudulent act.
According to him, they have purchased goods worth millions of naira with fake alerts they generated with an application on their phone.
The suspect confessed that the last transaction which led to his arrest was about N185,000 for which he generated a fake alert for a POS operator in Ibadan.
“I cannot lie again. It is true we are doing the business. We have an application we use to generate fake alerts for POS operators. I am not the only one doing it. My second person fled when he heard I was arrested. We make millions of naira with this business. The last one I did was N185,000,” the suspect told Daily Trust during an interview.
Parading the suspect at the police headquarters, the Oyo State Commissioner of Police, Adebowale Williams, said the suspect who resided at No 7, Awosika Street, Old Bodija, Ibadan, was arrested by a team of detectives led by Insp Esoso Esoso.