The Economic and Financial Crimes Commission, EFCC, has expressed concern over the errant use of (Point of Sale) POS, Machines in the country.
The Zonal Head of the Commission, Johnson Babalola made the observation during an interactive meeting with regional bank managers at the EFCC Zonal office in Makurdi.
Babalola who represented the EFCC acting Chairman, Ibrahim Magu, warned banks to ensure proper monitoring and strict compliance by those they give POS machines to manage.
He said the EFCC was having serious challenges with the banks giving POS machines to individuals with questionable characters and without proper documentation and urged banks to assist the commission in their work by withdrawing from those individuals some of the POS machines.
Speaking on the issue of Post-No-Debit, PND (temporary freezing of account), the Zonal Head of operations, pointed out that some banks have refused to follow the PND order and still pay out money from such accounts.
He warned that such will no longer be tolerated as culprits will be made liable.
He noted that some bank workers were in the habit of notifying customers whose accounts were placed on Post-No-Debit, describing it as aiding and abetting crime and obstruction of justice, instead of assisting the Commission as stipulated by the law.
Babalola, however, urged banks to always respond on time to the letters of investigations sent to them by the Commission as their response helps in speedy dispensation of cases.
He also appealed to bankers to always report any suspicious transactions as required by law.
The EFCC officer pleaded for maximum cooperation from the bankers in ensuring a corrupt free society.
