Police to POS operators: You can’t release up to N2.5 million cash

Admin I Friday, April 19, 2024

 

LAGOS, Nigeria – The Nigeria Police has warned operators of POS to desist from releasing as much as N2.5 million to anyone under any guise.

He said any POS operator who acts to the contrary runs the risks of being held as a conspirator besides acting in breach of the CBN Act.

Public Relations Officer of the Delta State Police Comman, SP Bright Edafe who have the advice said it is dangerous since those requesting such payments through POS operators are likely to be kidnappers.

“This is an advice to POS operators, releasing money as high as #2,500,000 is dangerous, especially when they are being accompanied by armed men who could be kidnappers, Saying it’s business or whatever you call it”, he said.

He said a kidnap kingpin already confessed to that.

” We had a case where the kidnappers confessed that they forced their victims to transfer ransom money to POS and later meet them and get cash.

“Do you say oh it’s my business and I am not culpable? Avoid being held for conspiracy.

” Whoever comes to you for that huge amount of money should go to the bank for cash or even do transfer.

“Even CBN policy forbids such huge withdrawals. Are POS operators bigger, stronger, or wiser than CBN?

“Even if you must release it, do a video of the so-called customers and people who accompanied him. If they have genuine intentions, they won’t be afraid of being recorded on camera”, he said.