The Economic and Financial Crimes Commission, EFCC has charged Point of Sale operators, PoS in the country to ensure that they are guided by the rules and regulations of the Central Bank of Nigeria, CBN, especially in the aspect of Know Your Customer, KYC.
This charge was given by the Bawa Kaltungo, Acting Director, Kaduna Zonal Directorate of the EFCC on behalf of the Executive Chairman of the Commission, Mr. Ola Olukoyede on Wednesday, May 7, 2025 when he met with the operators under the aegis of Association of Mobile and Banks Agents of Nigeria, AMBAN, led by the chairman, Alhaji Mohammed Bala.
Kaltungo, while commending members of the association on the engagement with the Commission, reminded them of the huge roles they are expected to play in the Commission’s fight against money laundering and other financial crimes.
Furthermore, he urged them to get properly acquainted with the extant CBN laws guiding their operations to avoid violating them and also not to fall victim to fraudsters themselves, noting that PoS transactions hold huge attraction to criminals.
Speaking on behalf of the association, Bala observed that the risks and dangers they face as PoS operators from criminals had made their collaboration with the EFCC, compelling. For easy identification, Bala disclosed that the association came up with a website where every of their members is captured.
