The Economic and Financial Crimes Commission [EFCC] has vowed to launch a full-scale war on fraudulent users of Point of Sale [POS] machines in the country.
Johnson Babalola, the Makurdi Zonal Head of the Economic and Financial Crimes Commission, EFCC, made this pledge in an interactive session with Regional Bank Managers at the EFCC zonal office in Makurdi, Benue State, on Thursday.
“We are having serious challenges with the banks giving POS machines to individuals with questionable characters and without proper documentation,” he said.
Maintaining that there was a need for some of the POS machines to be withdrawn from such individuals, Babalola warned banks to adhere strictly to the Post-No-Debit (temporary freezing of account) order placed on banks found to be involved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 stated.
He noted that it was unfortunate that some are “aiding and abetting crime and obstruction of justice, instead of assisting the commission as stipulated by law.”
Babalola further warned bank operators, “You need to always report any suspicious transactions as required by law.”