Naira Scarcity: Four PoS Operators Arrested For Exploiting Customers


The Central Bank of Nigeria, Makurdi branch has aided the arrest of four point-of-sales (PoS) operators across the state capital for overcharging customers as much as 20 percent for transactions.

CKN  News reports that the apex bank in joint operation with law enforcement agencies, handed over the accused to the Economic and Financial Crimes Commission (EFCC), Makurdi Zonal Office for further investigation and prosecution.

A team led by CBN Deputy Director, Harry Agbo, visited major markets and PoS point outlets across the state capital.

This followed complaints by residents over the exploitation charges  by PoS operators, as some claims to be charged N3,000 for every withdrawal of N10,000.

However, the accused PoS operators were not allowed to explain the reason for such charges.

The apex bank reportedly conducted the sting operation with the directive not to make a public statement on any issue from the state branches, saying investigations will be done and anyone found wanting will be prosecuted.


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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