- The EFCC has resolved to clampdown on the alleged fraudulent use of POS machines in the country
- Banks have been charged to ensure proper monitoring and strict compliance by those to whom they issue POS machines
- The commission said there was a need for some of the POS machines to be withdrawn from such individuals
The Economic and Financial Crimes Commission (EFCC) on Thursday, June 13, declared that it would soon begin a clampdown on the illegal use of Point of Sale (POS) machines in the country.
Daily Trust reports the decision was announced by the Makurdi zonal head of the EFCC, Johnson Babalola, in an interactive session with regional bank managers at the commission's zonal office in Benue state.
Babalola, while speaking on behalf of the acting EFCC chairman, Ibrahim Magu, charged banks to ensure proper monitoring and strict compliance by those to whom they issue POS machines.
He said: “We are having serious challenges with the banks giving POS machines to individuals with questionable characters and without proper documentation.”
The zonal head of the commission said there was a need for some of the POS machines to be withdrawn from such individuals.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.
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Babalola said some staff of banks were in the habit of giving prior notice to customers whose accounts were being placed on Post-No-Debit, “aiding and abetting crime and obstruction of justice, instead of assisting the commission as stipulated by law.”
Legit.ng reported that the EFCC had said prospective whistleblower are to sign an undertaking, including taking an oath, before filing an allegation of corruption, to check unfolding abuse of the policy.
The zonal head, Kano office, Garba Dugum, made this known at a training workshop on budget tracking and project monitoring for civil society organisations in Northern Nigeria.
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