The Ilorin Zonal Commander of the Economic and Financial Crimes Commission, EFCC, Michael Nzekwe, has charged the Point of Sale (POS) operators to make proper documentation of their clients before transactions are made as means of checking money laundering and other illicit financial transactions.
He asserted that the number of reported cases regarding fraudsters using the POS medium to launder money and to swindle unsuspecting individuals of their monies was appalling adding that POS operators must ensure they carry out due diligence and adhere strictly to the regulations provided by law.
Nzekwe gave the charge while playing host to members of the Kwara Association of Professional Point of Sale Agents, KAPPSA, led by its chairman, Opakunle Ridwan Ayinde at the Commission’s Office, GRA, Ilorin.
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