The Central Bank of Nigeria (CBN), Makurdi branch, has aided the arrest of four Point-of-Sales (PoS) operators for overcharging customers as much as 20 percent for transactions.
The apex bank, in joint operation with law enforcement agencies, handed over the accused to the Economic and Financial Crimes Commission (EFCC), Makurdi Zonal Office for further investigation and prosecution.
A team led by CBN Deputy Director, Harry Agbo, visited major markets and PoS point outlets across the State capital, Makurdi.
This followed complaints by residents over the exploitation charges by PoS operators, some as high as N3,000 for every N10,000 withdrawal made.
However, the accused PoS operators were not allowed to explain the reason for such charges.
The apex bank reportedly conducted the sting operation with the directive not to make a public statement on any issue from the State branches, saying investigations will be done and anyone found wanting will be prosecuted.