How I Lost ₦1.5M to a Fake Vehicle Financing Company
I want to share my experience to warn others about a vehicle financing scam. I responded to an advert from a company called “Drivaro Auto Financing” offering auto loan support. They asked me to open a Paga account and deposit 30% equity for the financing. Right after I transferred ₦1,500,000, the money vanished. It was sent to an account under the name “Idowu Adeluola” and I was blocked. Since then, I’ve reported this case to the relevant authorities. In hindsight, several red flags stood out: they pressured me to open a new account immediately, asked me to move funds into unverified accounts, provided no transparent loan documents or physical office details, and went silent after payment. If you’re exploring any auto financing arrangement, always verify the company’s registration, insist on clear legal agreements, visit a physical office if possible, and confirm bank details before transferring large sums. Has anyone else dealt with this company or faced a similar scam? Please share your story.
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