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Transactions above N500,000 can lead you to trouble; be wise – Police warn POS operators

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The Nigerian police have issued a warning to Point of Sale (POS) operators who engage in transactions beyond N500,000. The Delta State Command’s spokesperson, SP Bright Edafe, stated that any operator involved in such significant transactions could be seen as potential accomplices in criminal activities, including kidnapping.👉 For More READ FULL CONTENT FROM THE SOURCE ↔️

In a statement issued on Thursday, October 17, 2024, Edafe highlighted a case where a POS operator received a ransom payment of N4,000,000 from kidnappers, only earning a mere N40,000 in profit.

He cautioned them against becoming victims of kidnappers and their operations.

“Don’t be a tool for kidnappers to collect ransom. It must be traced to you.

“My message to POS operators: transactions above N500k can get you into trouble. Don’t be a tool for kidnappers to collect ransom. It must be traced to you. She received N4,000,000 ransom from kidnappers and her profit was just N40,000,” he stated.

Edafe highlighted the importance of vigilance and adherence to federal regulations to prevent exploitation by criminals.

“POS operators are urged to report any suspicious activities and ensure compliance with the guidelines to avoid legal repercussions. “Be wise. You may argue that you are doing business, but before your lawyer will get you out, you may spend some time cooling off in prison,” he added.…For More READ THE FULL STORY ▶▶

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