Patrick Akpoguma, a 28-year-old suspected internet fraudster, has confessed to engaging in a range of fraudulent activities, including romance scams, identity theft, and cryptocurrency fraud
Akpoguma disclosed that his decision to embrace fraud was driven by a desire to avoid conventional employment. “I turned to fraud because I didn’t want to work for a salary,” he admitted during an interview at the Zone 2 Police Command in Onikan, Lagos.
The mechanical engineering graduate revealed that he started his fraudulent activities three years ago, amassing over $500,000 during that time. With his illicit earnings, Akpoguma reportedly acquired two properties—one in Lagos and another in Edo State—and a GLE Benz valued at ₦100 million.
Assistant Inspector General (AIG) Adegoke Fayoade confirmed that the investigation began on November 7, 2024, after residents of Chevron Drive, Lekki, where Akpoguma resides, raised concerns. The investigation uncovered that Akpoguma operated multiple scams, including impersonating prominent individuals online to deceive victims into transferring funds, often via Bitcoin and other cryptocurrencies.
One of his primary schemes involved posing as “Colonel Matt Herbert,” a U.S. Army officer on a peacekeeping mission in Iran, and “Adam Taggart,” a well-known cryptocurrency expert. To make his impersonations more convincing, Akpoguma created a fake Instagram account under the name “Adam Taggart” and spent $11,200 on a silicone mask to replicate his target’s appearance.
In a surprising turn of events, Akpoguma attempted to bribe the police with $100,000 (approximately ₦174 million) to avoid arrest. The bribe was documented as evidence on November 12, 2024.
AIG Fayoade confirmed the conclusion of the investigation, and Akpoguma is set to face charges in court. This case underscores the sophisticated tactics employed by internet fraudsters and the growing challenges posed by financial crime in Nigeria.
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