NewStats: 3,265,094 , 8,185,653 topics. Date: Friday, 13 June 2025 at 12:46 PM 54711t

The Economic and Financial Crimes Commission, EFCC, is set to start a clampdown on the fraudulent use of Point Of Sale, POS Machines in the country.

This was disclosed by the Makurdi Zonal Head of the Economic and Financial Crimes Commission, EFCC, Johnson Babalola, in an interactive session with Regional Bank Managers at the EFCC Zonal office in Makurdi, Benue State on Thursday.

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without proper documentation,” he said.Babalola pointed out that there was a need for some of the POS machines to be withdrawn from such individuals.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 ) 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 s 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”.

Babalola 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 speedy dispensation of cases.

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

Read More @ https://mood.ng/2019/06/13/efcc-to-go-after-those-using-pos-machines-illegally/

is that their work or jurisdictions? from yahoo boys to Naira marley....over sabi dey kill oo. our corrupt politicians full the street walking freely, yet EFCC never goarrest them..

I wonder where and how one chance operators get those POS machines they use..

Magu and his boys are becoming too zealous for my liking

This kwantry just don't like progress.

Okay

Them sha no wan make we chop again! Alatise lomo atise ara èh

Those using bullion vans nkor

After being unable to convict politicians successfully, EFCC want begin use petty criminals gain relevance.

I’m enjoying thier next level

EFCC WILL JUST BE YELLING DAILY AND SOMETIMES,I WONDER IF THEY HAVE ANTS OR BANKERS AMONG THEM.

ASK SOME OF THEM WHAT ARE THE LIKELY CAUSES OF 'POST NO DEBIT' ON A CUSTOMER'S ACCT,THEY WILL BE GRUMBLING.ONLY 5% OF THEM ARE PROFESSIONALS WHILE THE REST ARE JUST FOLLOWING ORDERS!

Jack of all trades
Today it's politician
Tomorrow it's yahoo yahoo
Now it's POS
Aboki buerue de change will be hit by this one

This is mundane. The heavy politician looters are walking free.

valentineuwakwe:
is that their work or jurisdictions? from yahoo boys to Naira marley....over sabi dey kill oo. our corrupt politicians full the street walking freely, yet EFCC never goarrest them..

still under financial crimes

All of you above me, is it that you just want to appear on FP or what because you guys clearly don't have what to say. No apologies, you guys are daft.

People use POS to rob these days, that's what they're trying to kick against, and yes, it is within EFCC'S JURISDICTION.

Banks usually tip customers under investigation to move their funds before their s are blocked, that's 100% criminal

valentineuwakwe:
is that their work or jurisdictions? from yahoo boys to Naira marley....over sabi dey kill oo. our corrupt politicians full the street walking freely, yet EFCC never goarrest them..

EFCC = Financial crime. Still under their jurisdiction.

femi4, Lucid1, hisgrace090 = above average Nigerians.

The others are the typical/average Nigerians.

Lucid1:
All of you above me, is it that you just want to appear on FP or what because you guys clearly don't have what to say. No apologies, you guys are daft.

People use POS to rob these days, that's what they're trying to kick against, and yes, it is within EFCC'S JURISDICTION.

Banks usually tip customers under investigation to move their funds before their s are blocked, that's 100% criminal

We' re in an era were you can be wounded in Nigeria for speaking against crime because Nigerian number of criminals have ed that of good people.


Just check above how our children line up in of crime.

Jmk9292:
I wonder where and how one chance operators get those POS machines they use..

The main issue is, how do they get the money out of the cos it takes at least 2 days for the money to be available.

EFCC shud just arrest all banks MD
Imaging sum banks will intentionally blocks their ATM machine tru out the day or weeks claiming it is faulty or out of service, and u will see sum POS stand close to them running by their staffs.

I think efcc still need much work 2 do than chasing yahoo ritual boys only

Fraud committed with POS machines is unimaginable. Chinese are senior men when it come to that. They steal or clone credits of big companies in China or Hong Kong , one of them flies to Kenya with the cards forming tourist they approach Kenyan businesses that accepts cards for payment and "collaborate" with them under the disguise they are paying for goods and services running into thousands of dollars. The kenyan business person withdraws the money that has hit the business bank gives the Chinese about 70% of the money the rest is for "his/her stress"

EFCC trying to stay relevant. What about beareu d change?

bunch of lazy unintelligent bastardss

They should start with those using Bullion Van Illegally. If you know, you know!

I just don't know what to say Those guys above men!!!!! This country is finished. And to those above rushing to comment, armed robbers use POS now to rob. We should be thankful that EFCC is bringing a solution to reduce this kind of robbery instead of been judgemental.

How can I get a POS?

Kate06:
EFCC WILL JUST BE YELLING DAILY AND SOMETIMES,I WONDER IF THEY HAVE ANTS OR BANKERS AMONG THEM.

ASK SOME OF THEM WHAT ARE THE LIKELY CAUSES OF 'POST NO DEBIT' ON A CUSTOMER'S ACCT,THEY WILL BE GRUMBLING.ONLY 5% OF THEM ARE PROFESSIONALS WHILE THE REST ARE JUST FOLLOWING ORDERS!

Please! Please!! Please!!!
U are entitled to your opinion bro,
But the moment you start dabbling into issues you have little or no knowledge about, you misconstrue the general public.

Have you had a sensitive case to file with any arm of Nigerian Federal Authority and are willing to exercise the full blown of might on u? Then, u would know that Nigeria has professionals in service..

Bad news for these people doing bank business on streets using POS.
Withdraw N5k, pay N100 commission and co.

Beggers and plantain chips sellers using pos will be scrap. Ok

Hummn.... One chance ppl

Welcome to the Zoo.

efcc