Police detectives in Ondo State have a arrested a suspected kidnapper, Godspower Cletus, while attempting to withdraw N1 million ransom collected from the husband of his victim. It was gathered that the suspect stormed the residence of Mrs. Farimoyo Endurance of Odudu community, Akure, where he allegedly robbed her of her Android phone and ATM...
•Ubani A Senior Advocate of Nigeria, Dr. Monday Ubani, has raised the alarm over the growing abuse of Point of Sale, POS, machines by criminal syndicates, warning that kidnappers, fraudsters, and money launderers are now exploiting the system to move billions of naira beyond the reach of law enforcement. In a statement titled, “The Urgent [&he...
Banks in Nigeria have begun implementing a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale (PoS) terminals following a directive from the Central Bank of Nigeria (CBN). The CBN directive, issued on December 17, 2024, aims to address operational challenges, curb fraud, and standardise banking practices nationw...
•Sex workers and bandits The Federal Capital Territory (FCT) police command has paraded a Point of Sale (PoS) operator, Sunday Musa, also known as Dan Gwari, who allegedly specialises in supplying sex workers to bandits in their camp, as well as distributing money to their families in Kagarko Local Government Area of Kaduna State. Benneth [&he...
In a bid to legalize the businesses of many of the Point of Sale (PoS) Operators before the expiration of the July deadline as issued by the Central Bank of Nigeria (CBN), the Corporate Affairs Commission (CAC) has created an additional registration venue in Abuja. Speaking while inaugurating the Center, the Registrar-General of CAC, Hussaini ...
The Inspector-General of Police, Kayode Egbetokun, has ordered stoppage of Point-of-Sales (PoS) machines and other electronic mobile money transaction devices within police stations and other police facilities nationwide. Egbetokun said the ban became imperative following public outcry on alleged illegal and illicit transactions of PoS machine...
The Central Bank of Nigeria (CBN) has threatened to sanction banks and Point of Sales (POS) operators found to be complicit in the current Naira scarcity crisis. The apex bank, in a statement yesterday, urged members of the public to report infractions, especially hoarding of Naira by Banks and POS operators, in their areas to […]
One person was killed and two others were abducted when gunmen invaded Ora, an agrarian community in the southern part of Kwara State, today. The abductors, who reportedly stormed the town around 8am, shot sporadically before whisking away their victims, reports Daily Trust. A senior community leader who does not want his name in print, [&hell...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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