Nigerian Representatives are calling for a crackdown on ransom financing and tighter oversight of Bureau de Change (BDC) and Point of Sale (POS) operators. This initiative aims to address financial irregularities and security concerns.

Kwara police are warning Point of Sale (POS) operators about sophisticated fraud schemes involving large, illicit financial transactions, advising them on risks and reporting procedures.

The Association of Point of Sale Service Providers (POS) may suspend services, potentially crippling banking operations, if the Central Bank of Nigeria and the FCCPC do not intervene in alleged exclusivity practices by two companies.

Police arrested six operatives and four other individuals for an alleged extortion scheme where victims were forced to withdraw money through POS operators under duress.

AIG Akpanudom has issued a directive prohibiting Point of Sale (POS) operators from the premises of the FCID Annex, following discussions on operational and administrative issues affecting the department's efficiency.