First Edition of the Tastemakers Wine Series Hosted by Vendease

Banking

EFCC Arrests PoS Ondo Operators for Trading Naira notes

Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption Commission reportedly arrested dozens of operatives.

The suspects were alleged of buying cash from banks and selling the notes (N500 and N1000) to their customers at exorbitant prices.

An eyewitness stated that the men who wore a red jackets with EFCC inscriptions on it stormed the popular Oja-Oba market in Akure and arrested many PoS agents along the road.

They have arrested many PoS attendants in Oja Oba area, if they come to you, they will ask you to disclose the source of your cash and how much you are charging your customers and also ask you to take them to the person that gave you the money.

Some PoS attendants, who got the information beforehand, abandoned their stands and fled.”

Another source said the EFCC operatives were in the town with their bus at Oba Ile in Akure North LGA where they made some arrests of the PoS operators

She said, “A PoS agent was attending to customers when a woman came down from the bus and asked how much he charged on every one thousand naira.

“As at the time the transaction was made, I saw the woman signaled to some men and that was how I knew they were EFCC officials and they whisked him away.”

Efforts to reach the EFCC spokesman, Mr Wilson Uwujaren , on the development was unsuccessful as his telephone line was not going through as at the time of filing this report.

Related posts
Banking

Bidvest Group Begins Search for Bidvest Bank Buyer, Aiming to Minimize Retrenchments

Banking

"UBA provides assistance to micro, small, and medium enterprises (MSMEs)."

Banking

Zenith Bank leads Nigerian lenders in new global ranking

Banking

Expert tasks CBN on exploitative bank charges

Sign up for our Newsletter and
stay informed

Leave a Reply

Your email address will not be published. Required fields are marked *