Always Visit www.NaijaCover.Com

Posted By Udokabestluv On October 17th, 2024

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 can get you into trouble. Don’t be a tool for kidnappers to collect ransom. It must be traced to you. She received N4,000,000 ransom from kidnappers and her profit was just N40,000,” he stated.

The Police spokesman stressed 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.

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

Source: https://dailypost.ng/2024/10/17/transactions-above-n500000-can-lead-to-trouble-police-warn-pos-operators/