Lead City Uni Students Arrested for Using Fake Alerts to Buy ₦5M iPhones

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Tension mounted in Ibadan when several individuals, alleged to be Lead City University students, were paraded for attempting to purchase high-end iPhones worth about ₦5 million with a fake bank transfer alert. The transaction initially appeared successful, but authorities flagged it as fraudulent upon verification. Eyewitnesses say the suspects were apprehended and publicly displayed, sparking debate. Some residents condemned the act, while others questioned the legality of parading unconvicted individuals. No formal statement has been issued to confirm suspect identities or charges. Investigations continue, and legal experts stress due process and the presumption of innocence. The incident reignites calls for stronger verification in Nigeria’s cashless economy.

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