Avoid losing money to fraudsters
There can never be a time when people are desperately searching for money through legitimate and illegitimate means such as a difficult time like this when the country is in a recession. People wander about scouting for money or either sit down carefully devising either honest or dishonest means to access money.
Every single dime counts this time and it can be very painful to part with your hard earn cash. While you seek to earn more to meet your legitimate needs be wary of unscrupulous individuals who may want to defraud you of your money and other valuables.
When a deal seems too good to be true then use your tongue to count your teeth. Many people are marketing investments that promise over one hundred percent profit, think within yourself are they really true? Humans who are naturally greedy will not readily divulge the secret of money spinning investment as they will want to benefit from it alone.
As much as possible avoid transactions by phones or email and carry out all transactions in person. There are many mails going round demanding recipients to follow a link to supply bank details, insinuating that certain amount was deducted from their accounts and should follow such links to opt out. It is advisable you contact your bank in person.
Businesses or deals where the other party demands secrecy can be fraudulent. It does not matter who the other party is whether a relative or a friend ensure you have one or two witnesses and ensure that your agreement is on written form.
Questionable transactions should be avoided as much as possible. Do not engage in any deal you don’t understand and don’t allow anybody cajole you into any financial association.
Hope Ikwe Dosunmu
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
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