Ondo: EFCC Raids PoS Agents Selling Naira Notes At High Rates

By Ayodele Oni

In furtherance of commitment by the Central Bank of Nigeria, (CBN) to make Nigerians get Naira notes with ease, operatives of the Economic and Financial Crimes Commission (EFCC), on Saturday raided some Point of Sales, (POS) operators in Akure, Ondo state.

In what looked like a clamp down on the activities of the PoS operators, not less than 80 centres were raided by officials of the anti  corruption agency.

The PoS operators were suspected  to be buying and selling money to members of the public with higher interest rate.

Officials of the Commission carried out the exercise in Akure, the state capital and its suburbs.

The EFCC officials have been going round Akure South and Akure North Local Government Areas in the state, arresting and forcing PoS operators to disclose the source of the cash used in their businesses as they sell at higher rates to residents.

At the King market square in Akure South and Oba-Ile area in Akure North local government, some POS agents have deserted their stands for fear of being arrested.

Some customers stated that “But it is sad the way at which the PoS vendors exploit residents because they see members of the public as not having another option since banks are not helpful.

“The PoS agents are making too much gains. You can imagine charging 250 naira for each N1,000 transaction.

“The situation is worrisome as a resident of Irese in Ifedore Local Government area of Ondo state, Mr John Ebere lamented, that some PoS vendors in the community are charging N800 on N3,000.

“I pray that the CBN should fulfill its promise of flooding the banks with money so that the public can be rescued from the extortion by the PoS vendors.