A 28-year-old suspected internet fraudster, Patrick Akpoguma, has admitted to engaging in various forms of online scams to avoid traditional employment.
Speaking at the Zone 2 Police Command in Onikan, Lagos, Akpoguma confessed that he began his fraudulent activities three years ago and has since amassed over $500,000 through schemes such as romance scams, identity theft, and cryptocurrency fraud.
“I turned to fraud, didn’t want to work for salary,” Akpoguma said, explaining his decision to reject conventional employment despite holding a degree in mechanical engineering.
Authorities revealed that Akpoguma had used his illicit earnings to purchase two properties in Lagos and Edo State, as well as a luxury Mercedes-Benz GLE valued at ₦100 million.
According to Assistant Inspector General (AIG) Adegoke Fayoade, the investigation into Akpoguma began on November 7, 2024, after concerned residents of Chevron Drive, Lekki, filed reports.
Police discovered that Akpoguma posed as prominent figures, such as U.S. Army officer Colonel Matt Herbert and cryptocurrency expert Adam Taggart, to deceive victims into sending money through Bitcoin and other digital currencies.
To enhance his impersonations, Akpoguma created fake Instagram accounts and even purchased a silicone face mask for $11,200 to mimic one of his victims.
In a desperate attempt to avoid arrest, the suspect offered the police $100,000 (approximately ₦174 million). The bribe was rejected but documented as evidence.
AIG Fayoade confirmed that the investigation has concluded and Akpoguma will face trial soon. This case highlights the advanced tactics employed by internet fraudsters and underscores the growing challenge of financial crimes in Nigeria.
