Fraudsters are everywhere, and they are developing a new strategy everyday to withdraw money from people's bank accounts. The method of calling people on phone using bank identity to request their ATMs Card details is not working for them again. In this article, I will be sharing with you how Fraudsters can use your SIM card to empty your bank account or borrow a loan from your bank.
Is POS safe Using POS may not be safe to some extent, when you don’t trust anyone with the POS machine you need to be very careful when you give out your ATM card to be used on POS. This is because some POS Machine owners may likewise take a photo of the back and front of your Debit card/ATM card and use it to steal money from your Account or use your card serial number and code verification value (CVV) number to shop online without you realizing it.
Without so much doubt, POS business has taken over Nigeria's business and industrial ecosystem, virtually every nooks and cranny of the nation are littered with a POS mart or centre. POS agents or owners are known to have helped reduce drastically the unending queues at banks, most especially the ones at substandard ATM points by making cash withdrawal easily accessible and less stressful.
3 Confessions Made By This Suspected POS Robber That Should Be A Major Concern To All POS Operators In Nigeria
If you are a POS operator, there is need for you to sit up and be vigilant in the course of carrying out the business. With the sensitive nature of the business and regular handling of cash, POS operators appear to have been the primary target of conventional robbers across the society this days.
Fraudsters have recently begun to create and use fake currencies to make deposits and payments. This new trend of using counterfeit Naira notes has resulted in significant losses for some POS business owners. The production of counterfeit notes by fraudsters is a serious issue; thus it is advisable for POS business owners or banking agents to be on the lookout for this new illegal behaviour.
POS means Point of Sale. POS has really saved the populace the stress of standing in long queues at the bank ATM to withdraw Money. It was a huge relief. Initially, POS was used to withdraw money from inside the bank. It was extended to Business owners for ease of payment.
Point of Sales (POS) is a mobile device used in Supermarkets to pay for the goods you buy, but it has been turned into a business in Nigeria since 2013. Anybody can get the machine from a bank or online payment giving it out, and start using it to make daily Profits.
(1) Business Centre Business Centre is a place providing office facilities and services. Those with or without laptops can always visit the business centre, a well equipped business centre with secretarial services attract more customers. Setting up a business centre for a start doesn't really need much capital.
It was a dreadful Friday for a point of Sale(POS) operator and other members of the Nkpolu community on East-West road of Obio-Akpor local Government of Rivers State as a group of Armed robbers attacked the POS operator and carted away 900,000 naira. According to the report gathered, the Gunmen stormed the area at about 4:00pm on Friday, Shooting sporadically into the air and scaring people away before they collected the money.
Things To Know As Police Disclose That The Hoodlum Who Killed A POS Operator Attended Igboho's Trial
Recently, hoodlums allegedly robbed a Point Of Sale (POS) operator, Abiodun Odebunmi, of N4million and later killed him and burnt the corpse in Ogun State. They were all arrested following a complaint lodged at Onipanu divisional headquarters on the 18th of April 2021, by one Aanu Salaudeen.
The Economic and Financial Crimes Commission (EFCC) has appealed to Point of Sale (POS) operators to assist within the fight against corruption in Nigeria. The Zonal Commander of the agency's Maiduguri office, Onwukwe Obiora, told operators during a gathering on Tuesday, September 14, 2021, to always perform proper documentation of their clients before transactions are made.
The Burning Of Suspected POS Robbers In Imo Is Barbaric, Jungle Justice Has Done More Harm Than Good
According to a report from Daily Post, an enraged mob lynched three accused POS robbers in front of Afor-Ukwu market in Isiekenesi, Ideato South Local Government Area, Imo State. The incident occurred when the thieves allegedly robbed a POS operator and fled with the POS machine.
A few days back, the NCC ordered the shutdown of all telecommunication bases in Zamfara State to curtail the rising cases of banditry in the state. According to the Vice-Chairman of the commission, Prof Umar Danbata, the shutdown will last from 3rd to 17th September 2021.
In Nigeria today, the Point Of Sale (POS) business is becoming buoyant and on the rise as many are beginning to invest into the business because of the profit in it. Recently a POS operator was robbed of about 4 million naira, and burnt alive by the criminals who performed the robbery.
A Rivers State POS operator was attacked by a gang of armed robbers in Nkpolu community on East-West road Obio-Akpor local government area of Rivers State. According to news from the Punch newspaper, the robbers had gone to the POS stand at second bay junction around 4pm on Friday, shooting into the air before carting away the huge sum of 900 thousand naira (0.9 million).
Operatives of the Ogun state police command have apprehended a notorious armed robbery syndicate who specialise in robbing of point of sales (POS) and Uber operators. The investigation which led to the arrest of the syndicate took over three months of painstaking detective work by men of the homicide section of the state criminal investigation and intelligence department.
A commercial motorcyclist, Victor Ukachukwu, has confessed to using an online application he downloaded from the internet to defraud Point of Sales (POS) operators in Ondo State. The 29-year-old make the confession while speaking with newsmen after he was paraded by the Nigerian Security and Civil Defence Corpse (NSCDS) on Thursday, August 26, 2021, in Akure, Ondo State.
Angry mob in Isiekenesi, Ideato South Local Government Area of Imo State, have lynched three suspected Point of Sales (POS) terminal thieves just before Afor-Ukwu market in the area. This was said to have happened on Thursday, September 9,2021, when the suspected thieves snatched a POS machine from a POS operator and took to their heels.
The Ogun state police command has confirmed the arrest of the suspect who was behind the robbing and killing of Abiodun Odebunmi, a POS Operator in Ogun state. "For illustrative purpose". The suspect who was identified as Kehinde Jelili was arrested by the police after he returned back from Cotonou where he attended the trial of embattled Yoruba Nation activist, Sunday Igboho.
According to the PPRO, Salaudeen, who worked for Odebunmi, said that her employer had left their Aparadija office the day before to meet with a customer. Odebunmi has reportedly vanished since then. “According to Salaudeen, they had earlier done a transaction of N1.5m with the person who invited her boss the previous day, and it was the same person who called her boss to meet him at Oju-Ore to do another PoS transaction of N4m,” Oyeyemi said in a statement titled, “Serial Killers Who Specialized In Robbing And Killing PoS And Uber operators arrested in Ogun.”