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Transactions above 500k can get you into trouble- Police issue stern warning to POS operators

by Present Nigeria
October 18, 2024
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POS Agent, Bolarinwa Who Stole Employer’s N400k, Arrested
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The Delta State Police Command has issued a stern warning to Point of Sale (POS) operators regarding transactions exceeding ₦500,000.

The spokesperson for the Command, SP Bright Edafe, warned Point of Sale (POS) operators to desist from transacting large sums of money to anyone as they run the risk of being held as accomplices to kidnappers. 

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The PPRO gave the warning in a post on Thursday, October 17, 2024, when he paraded a female POS operator who allegedly received N4m ransom on behalf of kidnappers. 

“My message to POS operators, transactions above 500k can get you into trouble. Don’t be a tool for kidnappers to collect ransom.

“It must be traced to you. She received #4,000,000 ransom from kidnappers and her profit was just #40,000. Can you imagine?

“Be wise, you may argue that you are doing business, but before your lawyer will get you out, you may spend sometimes cooling off in prison,” he wrote. 

The police emphasised the importance of vigilance and adherence to federal regulations, which impose strict limits on transaction amounts to prevent misuse by criminals.

POS operators are urged to report any suspicious activities and ensure compliance with the guidelines to avoid legal repercussions.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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