Transactions above N500,000 can lead to trouble – Police warn POS operators

Transactions above N500,000 can lead to trouble – Police warn POS operators …C0NTINUE READING HERE >>>

The police in Delta State have given a stern warning to Point of Sale, POS, operators against engaging in transactions beyond N500,000.

The Command’s spokesman, SP Bright Edafe, said such transactions could potentially implicate operators in criminal activities, particularly kidnapping.

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

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

“My message to POS operators, transactions above 500k…

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