Scammers Caught Using Fake ₦5M Transfer for iPhones in Lagos Market (VIDEO)

A shocking fake ₦5M transfer scam was stopped in Lagos after two young men tried to trick a phone dealer in Ikeja. The suspects attempted to buy four iPhone 16 smartphones worth about ₦5 million using a fake ₦5M transfer alert.

According to eyewitnesses, the suspects showed the dealer a payment notification as proof. However, the dealer did not trust the alert and decided to confirm the payment in his bank account.

Dealer Verifies Fake ₦5M Transfer

The dealer quickly checked his account and discovered that the fake ₦5M transfer was not real. There was no money received. This raised alarm immediately.

According to reports, the dealer refused to release the phones and alerted people around him. His quick action helped prevent the fake ₦5M transfer scam from succeeding.

WATCH THE VIDEO BELOW:

Two men were reportedly caught in Computer Village, Ikeja, trying to sc@m a phone dealer with a fake ₦5 million transfer for four iPhone 16spic.twitter.com/R51xT38hwQ

— Instablog9ja (@instablog9ja) March 18, 2026

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Bystanders Stop Escape Attempt

As the situation became tense, the suspects tried to escape in their SUV. But bystanders quickly blocked the vehicle to stop them.

According to sources at the scene, people gathered and surrounded the suspects to prevent them from running away after the failed fake ₦5M transfer attempt.

Mob Reaction and Intervention

The crowd became angry after realizing it was a fake ₦5M transfer scam. Some people wanted to attack the suspects.

However, the phone dealer stepped in and stopped the mob from harming them. According to witnesses, he insisted that the suspects should be handed over to authorities instead of being attacked.

See some tweets below:

Very lucky guys. If it’s the same computer village that I grew up to know, they wouldn’t have barbecue those guys. See as their faces are still fresh.
I doubt if there are still men in that zanga.

— F𝚒𝚁𝚎𝖥𝙻𝚈🔥🪰 (@getKennethed22) March 18, 2026

One guy did this to me.
He came very late towards closing hours.
That time 14 pro max was the latest phone, he said he has transferred and I haven’t seen alert. I said we should wait small, when I noticed night is doing, I told him we should just go and if the alert later…

— EMZY GADGETS  📱 💻 🔌 (@EmzyGadgets) March 18, 2026