Case lagos-peter-obi-ai-forex-fraudDeepfake fraudNigeria
Lagos court remands man over N230M forex scam using AI-cloned image of Peter Obi
Nigerian police arraigned Olayinka Adesiyan in Lagos on six counts for allegedly using AI-altered images of Peter Obi endorsing the Modmut International forex platform to obtain about N230 million in 2025.
MediumAttack using AIStatus: Under investigationVerified case file
Open in the interactive mapCite this case
- Reported
- Feb 18, 2026
- Location
- Nigeria
- Target
- Nigerian investor Fredrick Amaechi; Peter Obi's likeness
- Severity
- Medium
- Triggered by
- Olayinka Adesiyan and others at large
- Actor type
- Criminal
- Reported loss
- $150K
- CVE
- None
What happened
Nigerian police arraigned Olayinka Adesiyan in Lagos on six counts for allegedly using AI-altered images of Peter Obi endorsing the Modmut International forex platform to obtain about N230 million in 2025.
Impact: About N230 million, roughly US$150,000, allegedly obtained from one investor and diverted.
Who triggered it
Actor: Olayinka Adesiyan and others at large
Attribution: Charged by the Federal Republic of Nigeria; defendant pleaded not guilty and the case is pending.
Motive: Investment fraud using a prominent politician's endorsement.
How it happened
Attack vector: AI-cloned Facebook image and adverts presenting Obi as a beneficiary of a forex trading partnership.
Root cause: Unverified social media advertising and public trust in political figures.
Timeline
- Alleged fraudulent adverts begin circulating
- Alleged scheme ends after N230 million received
- Defendant arraigned and remanded at Ikoyi
Response
Police prosecution on conspiracy, false pretence, fraudulent advertising and stealing counts; Obi publicly disowned AI adverts using his image.
Current status: Under investigation
Sources (open in a new tab)
- THISDAY thisdaylive.com
- Leadership leadership.ng
- Arise News arise.tv
Cite this case
Lagos court remands man over N230M forex scam using AI-cloned image of Peter Obi. AI Threat Watch, case lagos-peter-obi-ai-forex-fraud, Feb 18, 2026. https://aithreat.io/cases/lagos-peter-obi-ai-forex-fraud/
Permanent link: https://aithreat.io/cases/lagos-peter-obi-ai-forex-fraud/