Read the instructive and eye-opening piece as shared by RRS below
The rate of ATM and SIM cards related fraud now is mind boggling. Some of the traffic robbers and phone thieves arrested by the operatives of Rapid Response Squad (RRS) have confirmed the interest of fraud cartel in buying stolen phones with its SIM cards.
To underscore the prevalence of this nature of fraud, Daily Sun newspaper of Tuesday, March, 13, 2018, in its editorial opinion titled “Checking Rising Fraud/Forgeries in Bank” cited Nigeria Deposit Insurance Corporation report on fraudulent activities in 2017.
The paper stated that out of 26, 132 cases of bank fraud and forgeries “ATM related fraud constituted the largest with 24,266 cases (about 92.68 per cent) of all reported cases of N1.51 billion of losses in the sector in 2017”.
Recently, operatives of Rapid Response Squad of the Lagos State Police Command arrested a 6 man syndicate that steal phones from Lagosians and work on the SIM cards through computer applications, thereafter obtain the owners bank details and withdraw money from the owners’ bank accounts.
The group leader, Muritala Muhammed a.k.a Swallow, a Senior Secondary School II drop out was arrested by the Decoy Team of RRS when he transferred N1, 530,000:00 from the FCMB account of Joseph Blessing Benita to three accounts provided by another...

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https://amazgist.com.ng/blog/fraudsters-try-to-withdraw-money-without-pin-see-how/