A member of the House of Representatives, Olajide Jimoh, representing Lagos Mainland, has accused some bank staff of sabotaging ATMs so that POS operators can get patronage.
In a motion the lawmaker moved on Thursday, he accused POS operators of fraudulent conducts, even as he asked for more strict regulation of their activities.
Jimoh conceded that POS business provides jobs for millions of Nigerians, but stressed that many Nigerians are being cheated and their monies stolen by the operators on a daily basis.
Making reference to a report in a Daily Newspaper, on “allegation by the residents of Aniocha South Local Government Area of Delta State alleging that the staff of Aniocha branches of Union Bank and First Bank deliberately sabotaged the Banks Automated Teller Machines (ATM) on non-availability of cash, thus leaving customers with no other choice than to patronize the POS Centres allegedly owned by some of the staff.
“POS operators fraudulently charge exorbitant amounts of money from their customers’ bank accounts, while some retain vital information from customer’s ATM cards in the course of making the financial transactions.”
Following the motion, the House resolved that the CBN should introduce stringent regulations and guidelines including sanctions on the Point of Sale (POS) business operations in Nigeria.
The House also mandated the Committee on Banking and Currency to organize stakeholders meeting for the purpose of tackling the menace of the Operation of the Point of Sale System (POS) in Nigeria.
