Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators - Business (2)

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Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators (15837 Views)

Police Return N9.9million To Owner After It Was Mistakenly Transferred To POS / Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions / CBN To Withdraw POS Operators License Over High Charges (2) (3) (4)

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Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by SolomonGrandi: 5:49pm On Apr 19

nlfpmod:

SP. Bright Edafe
Public Relations Officer (PPRO)
Delta State Police Command

The last line made no sense abeg !

Why would ANYONE want to be recorded whilst withdrawing such an amount lol

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by faceland: 5:50pm On Apr 19

Do you need police to tell you that?

Some just care about profit (their cut).

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by BlocksNG(m): 5:50pm On Apr 19

you are right. I have a POS operator which I'm paying 30k. Just a side hustle, I have another job.

Sukkyy2010:

That mean you're only doing the business as side hustle, it's not your main business.

Secondly, it all boils down to your business location, your location determine the kind of prospect you're open to be patronized by. My POS business is situated in a market where huge transaction take place on a daily basis, paying out huge amount of money becomes inevitable unless you don't want yohr business to commensurate with the demand.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Pepperdemisback: 5:51pm On Apr 19

All POS operators are thieves.
You can never see a POS operator who is without cash even at Midnight on Sunday. He is an accomplice and should be arrested.
I don't know how that business came into existence, making money scarce at ATM and reselling it.

1 Like

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Okortor: 5:51pm On Apr 19

Den de craze...I give as high as 5m to my customers at my terminal

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Babaibeji2020(m): 5:54pm On Apr 19

Raxxye:
Police is talking; Nigeria Police that doesn't have shame!
What happened to all the SIM registration, BVN, NIN and others? All was just to punish Nigerians in long queues and not to serve any security purpose.
Bandits are having a field day; imposing taxes on entire communities and issuing receipts. They conduct marriages and invite the police, they collect ransom and display their bounties in videos, they kill at will with no remorse and the Police are completely clueless on what to do.
Na pos operators dem dey harrass now!

Shatap.......!
Is it the job of the police to harmonize BVN,NIN,Voter's card,NHIS,Driver's license etc...?
They're talking about pos agent breaching CBNs regulation on cash disbursement and u re spewing trash....are you a kidnapper......?

1 Like 1 Share

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by faceland: 5:54pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

50k is not money sha... Normal business people do 300k, even 500k but once it starts reaching 1m. That is too heavy.

1 Like

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Pepperdemisback: 5:56pm On Apr 19

SolomonGrandi:

The last line made no sense abeg !

Why would ANYONE want to be recorded whilst withdrawing such an amount lol

They have told them from inception to be doing KYC in case of things like this but they refuse.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by poiZon: 5:56pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

How is Ur charges that 300k will give u 15k daily?

1 Like

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Khallicopyro: 5:56pm On Apr 19

Someone stole N80.2 billion and used your men to avoid arrest. Here you are worried about N2.5m? You provide the real thieves with security and go after the petty theves? God bless Nigeria God bless Africa

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by faceland: 5:58pm On Apr 19

Kemadealadire:
For how much charges really??

The agent would probably get only 25k.... That is temptation to some.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by DeGods007(m): 5:58pm On Apr 19

poiZon:

How is Ur charges that 300k will give u 15k daily?

It's not even possible.... highest he will be making is just 6k profit

3 Likes

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by SuccessfulRichi: 5:59pm On Apr 19

Haha... Even police they use POS operators to collect money from their victims or Yahoo boys and kidnappers etc

3 Likes

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by BlocksNG(m): 5:59pm On Apr 19

I charge 200 on every 5k.

poiZon:

How is Ur charges that 300k will give u 15k daily?

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Pepperdemisback: 6:00pm On Apr 19

Inosky:
Why would a bank give a POS operator such amount of money in the midst of scarcity of Naira? I went to bank today and they said there's no cash. Useless banks in Nigeria. When a political criminal/celebrity comes, you will see them dishing him/her large mint naira.

The POS operators have at least 5 cards and they are at the ATM as early as 4am to empty those machines.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Enemiesmasquera: 6:01pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

I have 2 stands and I give as much as 1m. Nothing is bad about it

1 Like

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Pepperdemisback: 6:02pm On Apr 19

faceland:

The agent would probably get only 25k.... That is temptation to some.

Who told you that? Such a deal is with good returns cos most people won't do it.

1 Like

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by 99thEnemy(m): 6:03pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

You mean your POS Capital is just 300k? shocked

Please can you break everything down and tell me?

how much is your profit at the end of the month?

how much will I get if I invest 700k in POS now?

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by Skyfornia(m): 6:04pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

Please kindly explain how you can make 15k out of 300k. Here, PoS charges N200 for N10k

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by 99thEnemy(m): 6:05pm On Apr 19

Skyfornia:

Please kindly explain how you can make 15k out of 300k. Here, PoS charges N200 for N10k

I am waiting too

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by mywells: 6:08pm On Apr 19

What sort of rubbish this one is saying,

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by faceland: 6:08pm On Apr 19

Pepperdemisback:

Who told you that? Such a deal is with good returns cos most people won't do it.

You are right. Accomplice.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by OhiOfIhima: 6:09pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

Is it possible making 15k from 300k capital daily... I am not antagonize your comments, I am just curious to know how, bcoz my wife have a small capital like yours and she into POS business as per term job n make like 3500 to 4k per day.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by nwoguv: 6:10pm On Apr 19

The issue on grand is that CBN don't have good regulation on cash policies.In develop countries you can only get a cash from supermarket with CCTV camera cover.But in Nigeria today individual sell cash to themselves with just umbrella.If you visit the bank today no money.CBN really need to review policies to save Nigeria commercial bank

1 Like

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by OgwuEgo: 6:11pm On Apr 19

Increase your sales girl salary.

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by NeckingNgulping(m): 6:14pm On Apr 19

BlocksNG:
You are right, if you come to my terminal and request to withdraw more than 50k, I'll politely decline. It's called p o s and not a bank.

my capital is just 300k, that would fetch me around 15k daily. 15x25=375k. I'm paying my salesgirl 30k, I'll pocket the remaining.

You pay your sale's girl a meager 30k from 375k in a Month in this economy? You shouldn't be an employer.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by BlocksNG(m): 6:15pm On Apr 19

different charges applied. I do charge 200 for 5k. 1k for 20k. Akure, Ondo State.

OhiOfIhima:

Is it possible making 15k from 300k capital daily... I am not antagonize your comments, I am just curious to know how, bcoz my wife have a small capital like yours and she into POS business as per term job n make like 3500 to 4k per day.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by ScamDemicEra: 6:19pm On Apr 19

..... omoluabi proverb say "ogbon ya ju agbara lo" brain is mightier/faster than brawn.

-why can't police set up undercover POS agents, if they are serious about fighting crime ?
Imagine how many kidnapper gangs they would have busted and ransom money recovered !!

Oh I forgot, policemen too use POS operators to collect bribes/extortion -no difference between police and armed robbers/kidnappers.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by pikechukwu6(m): 6:22pm On Apr 19

What stop the government to regulate the amount to withdraw or transfer from POS. Police want to act relevant... undecided

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by BlocksNG(m): 6:28pm On Apr 19

I'll increase it next week, surely. I'm still better than some states governors paying 25k minimum wages.

NeckingNgulping:

You pay your sale's girl a meager 30k from 375k in a Month in this economy? You shouldn't be an employer.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by OhiOfIhima: 6:28pm On Apr 19

BlocksNG:
different charges applied. I do charge 200 for 5k. 1k for 20k. Akure, Ondo State.

... Now I see, here in Lagos. 100N for 5k, that 20k is 200N, it hard to see someone that will pay 300N sef.
Is 1k for 20k no too much, think am naw, lol.

Re: Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators by BlocksNG(m): 6:30pm On Apr 19

That's how it's here, ask anybody.

OhiOfIhima:
... Now I see, here in Lagos. 100N for 5k, that 20k is 200N, it hard to see someone that will pay 300N sef.
Is 1k for 20k no too much, think am naw, lol.

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