0 C
Lagos, NG
22nd September 2019
  • Home
  • EFCC to go after illegal POS machines operators in Nigeria

EFCC to go after illegal POS machines operators in Nigeria

EFCC to go after illegal POS machines operators in Nigeria
EFCC to go after illegal POS machines operators in Nigeria

The Economic and Financial Crimes Commission (EFCC) on Thursday disclosed that the commission is now set to start a clampdown on the fraudulent use of Point Of Sale, POS Machines in the country.

This information was made known to the public by the Makurdi Zonal Head of the Anti-Graft Agency, Johnson Babalola, in an interactive session with Regional Bank Managers at the EFCC Zonal office in Makurdi, Benue State on June 13, 2019.

Speaking on behalf of the acting EFCC Chairman, Ibrahim Magu, he charged banks to ensure proper monitoring and strict compliance by those to whom they issue POS machines.

“We are having serious challenges with the banks giving POS machines to individuals with questionable characters and without proper documentation,” he said…

He pointed out that there was a need for some of the POS machines to be withdrawn from such individuals.

He also warned banks to adhere strictly to the Post-No-Debit (temporary freezing of account) order placed on banks found to be involved in suspicious transactions. “Default will not be tolerated,” he said.

He noted that it was unfortunate that some staff of banks were in the habit of giving prior notice to customers whose accounts were being placed on Post-No-Debit, thus “aiding and abetting crime and obstruction of justice, instead of assisting the Commission as stipulated by law”.

He further urged the banks to “respond on time to the letters of investigations sent to them by the Commission”, stressing that prompt response will help in the speedy dispensation of cases.

“You need to always report any suspicious transactions as required by law,” he added.

Related posts

EFCC arraigns one Asala Richard and Abdulrazak for N22m Fraud


Naira Marley granted N2m bail by a Lagos Court


Ndidi and Dinma share first photos from their traditional wedding


PHOTO: Nigerian Chief Of Defence Staff, Gen. Olonisakin Praise Nigerian Youth As He Gets A Portrait From Alfaruk Gallery


Comedian Bright Okpocha debuts new film ‘The Exorcism of Alu’


Lagos PCRRU help reunite mother and her 4year old, 2years after


NNPC records Trade Surplus of N15.04billion in January-Ughamadu


Buhari appoints Prof Nelson Braimbraifa as the new NDDC MD


NASS: Buhari warns Goje, Ndume insists on Senator Lawan


PDP Nasarawa rally: Atiku promise youths-driven administration


Leave a Comment