The Nigeria Police Force on Monday, 4th February 2024 announced the ban on the use of Point Of Sales, POS machines, and other electronic mobile money transaction devices from all stations and other police facilities nationwide, following public outcry on alleged illegal…
A Point of Sale, POS, operator identified as Alfa Rafiu, has been arrested in Ilorin, Kwara State, for allegedly squandering N280 million mistakenly sent to his account by a commercial bank. Rafiu is a resident of Akuji compound, Abayawo area in Ilorin…
The Central Bank of Nigeria, CBN, has promised to prosecute Point of Sale, POS, operators who demand exorbitant charges on transactions. The apex bank’s Governor, Godwin Emefiele, disclosed this during a meeting with members of the diplomatic corps. The CBN governor, who…