Operators of the Point Of Sales machines, popularly known as POS machines have been cautioned to be wary of fraudulent individuals who are in the habit of using their account details to perpetuate fraud.
Handing down the warning on Monday in Osogbo, while addressing operatives of the Anti Fraud Unit of the Nigerian Security and Civil Defence Corps, the Osun State Commandant, Emmanuel Ocheja disclosed that some fraudulent transactions through the POS have been discovered.
Ocheja warned that any POS operator caught engaging in sharp practices would be made to face the full wrath of the law.
He revealed that the Command was still investigating a case of fraud and that the account had been traced to a POS, adding that the account had been frozen for further investigations.
He also advised POS operators to ensure that they registered their businesses appropriately and report any suspected fraudulent act to the appropriate authorities for action.
Similarly, Ademola Daramola, the Head of Anti Fraud Unit of the corps has warned Osun residents against engaging in Ponzi schemes so as not to fall prey to fraudsters.
He advised residents to be wary of fraudulent online investments.
Daramola stated that some fraudulent people would deceptively uses chemicals to change plain papers to dollars in front of their victims and also ask them to pay for chemicals to change as much plain papers to dollars as they want.
While advising residents to be careful with Bitcoin transaction, he noted that Bitcoin accounts might be hacked and be used to defraud unsuspecting people.
Commandant Ocheja Emmanuel also warned that the Corps would arrest and prosecute any one who perpetrated fraud under the guise of online business.
