Tag: PoS
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Naira redesign: Sanwo-Olu decries extortive practice by PoS operators
Gov. Babajide Sanwo-Olu of Lagos State has expressed displeasure over the extortive practices by Point of Sale (PoS) operators, as well as petrol station attendants. Sanwo-Olu said this while addressing newsmen on the current situation caused by the
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NAIRA SCARCITY: Paul Okoye groans over purchase of 40k with 70k
Paul Okoye, a member of the previously defunct music group, P-Square has taken to social media to lament about the Naira scarcity, after the purchase of 40k with 70k. The Naira scarcity has been plaguing Nigerians for a couple of weeks now, following the introduction of the new notes. Taking to his Instagram story, Paul…
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CASH SWAP: CBN stops Abuja, Lagos PoS operators
The Central Bank of Nigeria, CBN, has stopped mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme. The development came as the January 31 deadline for the phasing out of the old N1,000, N500 and N200 notes approaches. In a Frequently Asked Questions document released to selected agents…
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POS robbers set ablaze, burnt beyond recognition in Lagos
The police in Lagos State on Sunday said that a mob carried out jungle justice on two men, who allegedly robbed a POS attendant at the Igando area of the State.
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POS transactions records 29.3% growth, hit N4.6 trillion in 7 months
The value of cashless transactions made via Point of Sales, POS in Nigeria recorded a huge leap from January to July 2022 as the figures hit N4.6 trillion. According to data from the Nigeria Inter-Bank Settlement System (NIBSS), the figure, when compared to N3.56 trillion recorded in the corresponding period of 2021, represents a 29.3%…
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EFCC arrests man who uses 41 ATM cards, POS for chargeback
The Economic and Financial Crimes Commission (EFCC) has arrested a 27-year-old suspect who uses 41 automated teller machine (ATM) cards and a point of sale (POS) machine for chargeback. TheNewsGuru.com (TNG) reports chargeback is a credit card charge that is disputed by a customer and is reversed.
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How PAYCOM Nigeria Limited removed money from journalist’s Access Bank account after declined transaction
But now, we have to wait for the PAYCOM NIGERIA LIMITED to return the money
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POS staff flees Lagos with employer’s 400k; caught in Kwara
A 23-year-old Point Of Service (POS) agent, Musa Bolarinwa who allegedly stole his employer’s N400, 000 same day he was employed and fled Lagos has been arrested in Kwara State. He was arrested by detectives attached to the Adeniji Adele Division and brought back to Lagos and charged with stealing. The incident, according to the…
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“How I use online application to defraud POS operators“ – suspect
A 29-year-old commercial motorcyclist, Victor Ukachuckwu, has confessed to using an online application he downloaded from the Internet to defraud Point of Sales (POS) operators in Ondo State. Ukachuckwu made the confession while speaking with newsmen after he was paraded by the Nigeria Security and Civil Defence Corps (NSCDC) on Thursday in Akure. The suspect,…