An investigation exposes how the platform Slipcraft lets scammers create fake bank transfer receipts to trick Nigerian shop owners.
A major undercover investigation published by Reporters on Sunday, September 20, 2026, has exposed how an online platform called Slipcraft is helping cybercriminals and fake buyers create forged bank transfer receipts to scam innocent business owners across Nigeria.
The detailed investigative report reveals that the online tool allows anyone to quickly generate realistic digital receipts that copy the exact design, colors, bank logos, transaction reference numbers, and layout of major Nigerian banks like GTBank, Zenith Bank, First Bank, and OPay.
Scammers then show these computer generated paper slips or phone screenshots to local shopkeepers, market sellers, and social media traders to trick them into handing over expensive goods, mobile phones, food items, and electronics without sending any real cash.
The primary reason why this investigative exposure was launched is the rising wave of fake bank alert fraud affecting small business owners across major cities like Lagos, Abuja, Ibadan, and Port Harcourt.
Many small traders rely on electronic bank transfers when customers buy goods at physical shops or online through platforms like Instagram, WhatsApp, and Facebook.
Fraudsters take advantage of network delays by generating a fake paper receipt on Slipcraft within seconds, showing the seller a “successful payment” screen to create false trust.
Because the paper slip looks completely genuine with official bank details, many hurried shopkeepers hand over their items before checking their actual bank app balance, only to realize later that no money ever entered their account.
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Exposing the dangerous method used by fraudsters operating the platform, investigative reporters detailed how easy it is for bad actors to create fake receipts.
Describing how the fraudulent system operates, the investigative report noted that “the online platform Slipcraft allows users to customize transaction details, including recipient names, amounts, bank names, and reference codes, producing receipts that look identical to genuine bank transfers”.
Highlighting the heavy losses suffered by local market sellers who fell victim to the trick, the report quoted an affected vendor stating, “I released goods worth thousands of Naira because the buyer showed me a very convincing receipt on his phone, only for my bank to tell me later that no money was transferred”.
Warning traders to protect their businesses from fake transfer scams, financial security experts emphasized, “Sellers must never rely on screenshots or paper receipts shown by buyers. The only true proof of payment is logging into your own banking app or checking your USSD account balance directly”.
Law enforcement agencies and financial regulators like the Central Bank of Nigeria (CBN) are being urged to shut down fraudulent generator websites.
Security experts advise all business owners to strictly follow the “no credit, no release” rule to avoid falling victim to fake alerts.
Jennifer Baba is a journalist, international news correspondent, and writer at Moderncrux, where she covers artificial intelligence, fintech, emerging technologies, global politics, and international affairs. Based in Nigeria, she is passionate about transforming complex global developments into clear, engaging stories that inform and inspire readers.
