DJInfluence:
At least they are doing something. Did you guys even asked yourself why no other Govt organisation is doing anything about this? Why should banks gives POS to anyone requesting for it? All we do is criticise, i do not see any one proffering a better solution or alternative to the EFCC that can curb this menace..

Let me put some perspectives to this..
1. Banks are within legal limit to give POS machines to registered businesses, SMEs and traders. That is why banks are by law required to run background checks aprior.
2. POS are registered and the ones used for fraud are less likely to be the legitimate ones.
3. There are syndicates (international at that) that specialises in and perpetrate POS fraud. They clone machines, cards, hack into networks, work through willing and gullible collaborators.

erico2k2:

Oga anyone can be anything on Line, I do nt take you folks serious, so stop talking about your papers and certification it bears no meaning on social media, people who know know.get back to the subject, we are talking POS this was what this post was al about not about young people supporting crimes, if you want to have that discussion you are more than welcome to open a new post.

I agree anyone can be anything online, but the joke is on you. Your submission on how to track POS fraud is not only wattery but ridiculous and I wanted you to know that you're talking to someone who was actively in the business and has the know-how.

Secondly, your comprehension needs some fine-tuning; go back and check the discussion you quoted, look at the trail of discussion 3 of us were having. We expressed concerns of the first set of reaction to the topic. It is you that needs to properly understand context before jumping into people's post. If you had posted your submission solo, I'll have had no issue.

mapet:


I agree anyone can be anything online, but the joke is on you. Your submission on how to track POS fraud is not only wattery but ridiculous and I wanted you to know that you're talking to someone who was actively in the business and has the know-how.

Secondly, your comprehension needs some fine-tuning; go back and check the discussion you quoted, look at the trail of discussion 3 of us were having. We expressed concerns of the first set of reaction to the topic. It is you that needs to properly understand context before jumping into people's post. If you had posted your submission solo, I'll have had no issue.

This is coming from a person who is found only on the Politics, ROMANCE and JOKES section on Nairaland U got jokes mate
You are here blabbing and talking about a perceived narrative you and two others have and you reckon your views are superior to others. YOu blatantly labelled all that questioned the way EFCC was going about this POS issue as aiding crime.So in your wrapped sense of understanding, we have no moral right or justification to criticise EFCC if one feels so.We dey criticise the MET police nah EFCC bro please go back to Romance Section

erico2k2:

Trust me there is a genuine reason for asking this.
now your number one: There is no answer to this no one can stop this cos your POS is not the target here rather the issuing BANK is so to this end there is no fall back to the retailer.
Number 2.Internal collaboration. Now this falls back to the institutions themselves as I stated earlier if you read my post and that of others you labelled as aiding and abetting crime. The only people you can really hold to account as their position is fixed are these criminals masking as bank workers.
Cloned devices:Bro we are talking POS not cards, how does one clone a POS or are you talking about skimming devices? cos with skimming devices the end is to steal card details and film the pins which is more than likely to be done by the retailer. I have loads of POS and the POS is controlled by Interswitch. Interswitch remits money approx 24 hours after monies has been paid and unto a POS registered and enabled the account.Now if these monies is remitted to a different account not registered to the POS of debit would that not also fall back on the institution?

All these can be addressed. I'll suggest you read up on these and not saddle me with what you can read up, cos all I can deduce from your submission is a case of someone that needs understanding....
1. No 1 has to do with security of the banks and switching coy. As security measures are updated so are vulnerabilities continues to be exploited.
2. I cannot be going through the rigor of explaining various dimensions of internal collaboration to you. Pls read it up
3. That you do not know that POS devices can be cloned..........I give up. Google is your friend

erico2k2:

This is coming from a person who is found only on the Politics, ROMANCE and JOKES section on Nairaland U got jokes mate

Hmmnnn.....

Romance and Jokes section? You're an unintelligent wannabe and a waste of my time.

erico2k2:

This is coming from a person who is found only on the Politics, ROMANCE and JOKES section on Nairaland U got jokes mate
You are here blabbing and talking about a perceived narrative you and two others have and you reckon your views are superior to others. YOu blatantly labelled all that questioned the way EFCC was going about this POS issue as aiding crime.So in your wrapped sense of understanding, we have no moral right or justification to criticise EFCC if one feels so.We dey criticise the MET police nah EFCC bro please go back to Romance Section

Simple. Find your cohorts with "superior discussions" and stick to them.

mapet:


All these can be addressed. I'll suggest you read up on these and not saddle me with what you can read up, cos all I can deduce from your submission is a case of someone that needs understanding....
1. No 1 has to do with security of the banks and switching coy. As security measures are updated so are vulnerabilities continues to be exploited.
2. I cannot be going through the rigor of explaining various dimensions of internal collaboration to you. Pls read it up
[b]3. That you do not know that POS devices can be cloned..........[/b]I give up. Google is your friend

At the bolded now, I understand you are full of craaap and throwing big words around thinking everyone on here are as daft as you please tell that to your crew in ur village mayB for your mind you think everybody is as local as you attribute. Hacking POS is like Hacking ATM Machine, why would a would be criminal want to do that, Even in western Europe people do not hack POS they place skimming devices on them to re-rout transaction details and film the Pin entered.:largely done by Eastern Europeans and Chinese.after chip n pin was introduced. Anyway, what do you know!

mapet:


Simple. Find your cohorts with "superior discussions" and stick to them.

Guy go and sleep Jare Nairaland Internet security Expert my backside

mapet:


Simple. Find your cohorts with "superior discussions" and stick to them.

Oh you did not even know it is easy to find out? Nairaland Rates where you frequently visit on its site and yours reads Politics, Celebrities and Romance

Lucid1:


Often times funds siezed are returned to the people to were scammed. Freezing a person's account is a temporary thing, if you're not found culpable, your account will be unblocked without a dime forfeited. Stop fighting hard to justify bad things. It's bad for your future

This is true, my account was done same, it took two weeks to undo it.

erico2k2:

Oh you did not even know it is easy to find out? Nairaland Rates where you frequently visit on its site and yours reads Politics, Celebrities and Romance

And this is a problem to you?

For all you people complaining here about politicians, they do not loot me directly but these Boy do. Small 200K wey man don save, Na so dem go wipe everything

mapet:


And this is a problem to you?

nah it just confirmed the already known, You lot just come online and throw big words think you sound intelligent rather sound daft

xjiggy:
For all you people complaining here about politicians, they do not loot me directly but these Boy do. Small 200K wey man don save, Na so dem go wipe everything

Nor be th bank dem fault be that? in a sane country, the bank has to repay you, about 700 pounds was spent on my account in Turkey by fraudsters nah the credit card company refund me cos it was up to them to prevent their servers from soft spots.And ofcos the card details was stollen

Good development, I always wonder how these criminals pull these off, the banks are surely culpable on this...all those dissing EFCC, shey una be one chance operators, or una no like better thing?

erico2k2:

nah it just confirmed the already known, You lot just come online and throw big words think you sound intelligent rather sound daft

Ok. I hear you

distributeinc:
Good development, I always wonder how these criminals pull these off, the banks are surely culpable on this...all those dissing EFCC, shey una be one chance operators, or una no like better thing?

Bro I think you get teh gist wrong, no one dising EFCC, if they go after the banks,but me and you know they wont, we are more of teh side hustlers who provide service of money withdrawers where there aent no POS, I once used this said service wen i got stranded in Shagamu on way from lagos last year and also at eh Benin Toll gate with Customs at 1130pm.

erico2k2:

Bro I think you get teh gist wrong, no one dising EFCC, if they go after the banks,but me and you know they wont, we are more of teh side hustlers who provide service of money withdrawers where there aent no POS, I once used this said service wen i got stranded in Shagamu on way from lagos last year and also at eh Benin Toll gate with Customs at 1130pm.

Yes, I know, but that is what they are saying, trying to hold the bank responsible, to ensure pos don't get to the hands of unscrupulous people...if you are legit, no cause for alarm...I support due diligence on this.

In an era where we are talking of cashless society? First it was clampdown on social media users now this? Na wa o! make una dey use una head na! These guys are so Zealous and Clueless

mapet:


Let me put some perspectives to this..
1. Banks are within legal limit to give POS machines to registered businesses, SMEs and traders. That is why banks are by law required to run background checks aprior.
2. POS are registered and the ones used for fraud are less likely to be the legitimate ones.
3. There are syndicates (international at that) that specialises in and perpetrate POS fraud. They clone machines, cards, hack into networks, work through willing and gullible collaborators.

So based on your 3rd point, we do need a security agency to fight this and so far only EFCC is coming up with something. So i still think, they should be commended and not crucify by some here. I don´t think anyone of use would like to be a victim to such crime.

DJInfluence:

So based on your 3rd point, we do need a security agency to fight this and so far only EFCC is coming up with something. So i still think, they should be commended and not crucify by some here. I don´t think anyone of use would like to be a victim to such crime.

Today must be "Jumping into Conclusions Day". Please go back to the beginning and see my position.

douchesnozzle:
After being unable to convict politicians successfully, EFCC want begin use petty criminals gain relevance.

See mentality. You don't know that the politician looting our treasure won't affect you much to compare to the petty criminal like you said who takes away your hard earned money

EFCC cannot insist that banks should freeze any account on the basis of a letter of investigation.

The only situation where the banks are expected to freeze an account is only when there is an order of court to that effect.

EFCC should obey the law too. The days of arbitrary freezing of accounts on flimsy and foolish reasons are over.

maasoap:
kingosytex
valentineuwakwe
lovegino
douchesnozzle
kate06
aolawale025

Some of you wouldn't praise EFCC until you become a victim. You think going after politicians is the only way to cub crime. The 5k in your account has more value to you than 2 billion naira in any politician's account.

Some of you think that EFCC is talking about those of you who are using it dispense cash to those who don't want to go the banks. You knew that you are using it illegally too but EFCC wasn't addressing you in this case.

Some of you are simply daft for no reason.

I think say u get sense oooo.

LOVEGINO:
I think say u get sense oooo.

stop mistaking me for your father

Sammye:

See mentality. You don't know that the politician looting our treasure won't affect you much to compare to the petty criminal like you said who takes away your hard earned money

They don't affect you, yet your children can't find jobs upon graduation.

Sammye:

See mentality. You don't know that the politician looting our treasure won't affect you much to compare to the petty criminal like you said who takes away your hard earned money

See ur very ret*rted mindset. U are comfortable with one politician embezzling an amount equal to the GDP of 20 of ur generations unborn I rest my case cos with this ur thinking this country is finished.

Nuzo1:


With these kinds of comments; Nigeria is finished!

Is it that you guys don't know that illegal pos machines are the reigning tools armed robbers, one chance, kidnappers, fraudsters, illegal business operators and even SARS use to swindle money from innocent Nigerians these days OR you don't know that it's the work of EFCC to fish those bastards out?

Sad part of the whole POS crime is that even though it takes at least 24hrs for the money to reflect in the criminal account, the banks cannot stop or trace the account.

Nigeria finished before it started! u need to go watch videos of the history of this country. it was meant To be shared for business purpose.

distributeinc:

Yes, I know, but that is what they are saying, trying to hold the bank responsible, to ensure pos don't get to the hands of unscrupulous people...if you are legit, no cause for alarm...I support due diligence on this.

true but there is the case of the Illegal POS Operators, who do you think they are talking about.

Kingosytex:



stop mistaking me for your father

buhari better pass u