Publisher of The Boss Newspapers and Ovation Magazine, Bashorun Dele Momodu, has raised and alarm after spotting a fake Instagram account created in his name.

Momodu revealed the fraudulent account via Twitter on Friday which had received 139 followers.

Momodu’s image stood as the account’s display picture with the name – MR DELE.

Creators of the account also put up a money doublingq website www.olymptrade.com to lure followers.

“Fraudsters at work… Pls ignore and pray for them…,” Momodu wrote