The Economic and Financial Crime Commission, EFCC has advised all Point Of Sale (POS) operators in the country to abide by the rules and regulations laid down by Central Bank of Nigeria (CBN), most especially, the Known Your Customer (KYC).
The commission’s chairman, Ola Olukoyede made this known through the Acting Director of the Kaduna Zonal Directorate, Bawa Katunlogo during a meeting held with POS operators under the protection of the Association of Mobile and Banks Agent of Nigeria, AMBAN, headed by the chairman, Alhaji Mohammed Bala.
The Acting Director, Katunlogo, while praising the members of AMBAN, also reminded them of the responsibilities towards the commission’s fight against money laundering and other financial crimes.
In addition, he also encouraged the association to familiarize itself with the present CBN laws guiding their operation to avoid violation. He also advised operators to avoid getting exploited by fraudsters, as POS transactions hold huge attraction to criminals.
Katunlogo added that striking an alliance with the EFCC would also reduce the risks and dangers faced by POS operators from criminals. He also made mention of a website that captures the identity of every member of the association. This according to him, makes it easy for identification.
It is worth noting that the commission has continually strengthened its fight against corruption. Just yesterday, EFCC Lagos Zonal Directorate arraigned music producer Ezekiel Onyedikachukwu ThankGod (aka EzeeTee) on seven-count charge bordering on alleged foreign exchange malpractice and money laundering amounting to $397,106 (Three hundred and ninety seven, one hundred and six US dollars).
