Nigerian Scam - How Nigeria Scammers Operate And How To Beat Them

Nigerian scam has become worldwide news. Scammers take advantage of unsuspecting victims and con them of their hard-earned money. If you have been a victim of Nigerian scam, you understand how painful it is to be promised high heaven return on investment and then to discover later that you have been taken for a ride.

Nigerian scammers and, indeed scammers everywhere in the world, take advantage of the inherent human tendency to sow little and reap huge - the desire to invest little and earn huge. The desire to earn much more than you invest is not necessarily a bad thing. The very essence of investing is to grow your capital.

For example, people who invest in stocks do so because they expect to earn more than they invested in the way of dividend pay out and share price appreciation. Real estate investors sometimes make huge margins from real estate sale simply by buying low and selling high. So, there's nothing bad with the desire to make a sizable return on your investment.

However, what scam artist promise potential victims is much more than realistic return on investment. Nigerian scammers promise potential victims return on investment that is jaw-dropping.

For example, a scammer may promise his victim that if he invest $20,000 USD he will get an oil block somewhere in the Niger Delta that will pay him $2 billion USD in one year.

2. A message to potential victims that they have won huge sums in a lottery or promo and that they should pay a certain amount to complete official protocol before the money is released to them

3. A message to potential victims that a friend or relative have left behind a huge sum for them in an account in a foreign country

4. A message to potential victims that a close relative is seriously sick and needs a certain amount of money for urgent medical attention

Bottom line.

Con men take advantage of the potential victim's greed, weakness, or ignorance and use this information to the detriment of potential victims.

My advice?

If something looks too good to be true, it may just be a scammer at work. So, don't fall for it in a hurry.

Investigate what is being promised and how realistic it seems. And . . . don't be greedy for dishonest gain. If someone promises to share stolen money with you, that person is a thief. And, honestly, you shouldn't be doing business with a thief no matter how juicy it sounds. He has stolen from his government and now wants to steal from you.

Be wary of scammers. And decide from today to be honest and get involved with only honest and transparent transactions. That is the best way to beat scammers.

P.S: Have you been scammed? Or have you escaped been scammed? Tell your story using the form below.

Post your encounter with Nigerian Scam using the form below.

Help others avoid being scammed!

Click the links below to read the scam stories from victims of Nigerian scam. Listen and learn.

Scammed by Allen Chantez Who Claimed He Knocked Down A Boy In An Accident In Lagos Nigeria 
I met a man named Allen Chantez (not sure if name spelt properly) on the internet in March 2008. His e-mail contact name was lonelyallen1@hotmail.com. I ...

Nigerian Loan Scam - The Romance Scam Intertwined With Loan Scam 
Nigerian Loan Scam - The Romance Scam Intertwined With Loan Scam:

I met a man through Craigslist in 2007. At the time I was looking for a loan.

I ...

Nigerian Fraudster Through Online Dating Site. Beware They Are Out There.  Not rated yet
Met John Nelson through an internet dating site sounded really interesting but was away working in Nigeria but he had taken his 12 year old daughter with ...

Sample Scam Email Letter - Insurance Loan  Not rated yet
Sample Scam Email Letter - Insurance Loan

On October 6 2009, I received the following scam email letter from a visitor to my site:

"Please i want ...

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Scam Email Letter - Royal Dutch Shell Foundation Amsterdam Netherlands - Beneficiary Notification:

I received this scam email letter on October 6 2009....

Lex Walker Enugu Nigeria scam  Not rated yet
The Nigeria scam story of Lex Walker Enugu Nigeria:

This incident happened when I was searching for a townhouse to sublease. And it relates to a certain ...

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This is case of cheating wherein some online fraudsters have induced the complainant (K.L.Narasimharao,India) with false promises through emails and made ...

The Strategy of Scammers - Offering You A Juicy Pie  Not rated yet
I received a mail sometime back and the sender had a wonderful proposal for me.

The sender said he was the son of a deposed president of one of the ...

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