The Nasarawa State chapter of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has launched a six-member Joint Task Force to combat escalating fraud cases in the state. This initiative aims to restore public confidence in Point of Sale (PoS) transactions across the state’s 13 local government areas and ensure greater accountability among operators.
AMMBAN State Chairman Noah Enesata, speaking at the inauguration, stated that the task force is dedicated to addressing fraudulent practices that have tarnished the reputation of PoS services. He acknowledged that the rising instances of financial crimes, such as the use of fake transaction alerts and illegal cash withdrawals, have made many residents wary of using these services. According to Enesata, the task force will work closely with law enforcement agencies to ensure operators comply with guidelines, such as maintaining identifiable physical locations.
“PoS operators are extensions of banks, filling critical gaps in financial services, especially in rural areas. This is why it is vital that every operator abides by strict ethical standards,” Enesata remarked.
The chairman of the task force, Simon Emeka-Kenneth, assured the public of the team’s commitment to combating fraud. He pledged to work diligently with stakeholders, including security agencies, to enforce regulations and foster a trustworthy environment for PoS transactions in Nasarawa State.
This proactive move by AMMBAN comes at a critical time, as fraudulent activities linked to PoS systems are on the rise across Nigeria. In a recent incident, Yobe State Police arrested a 29-year-old man, Ahugu Joshua, who posed as a Nigerian Navy officer to defraud PoS agents and store owners using fake bank transfer alerts. Cases like this highlight the urgent need for stringent measures to protect both operators and users of PoS services.
PoS systems have become a lifeline in Nigeria’s cashless economy, especially in areas where traditional banking infrastructure is limited. However, as these systems grow in popularity, they have also become targets for criminal exploitation. AMMBAN’s initiative in Nasarawa State could serve as a model for other regions, emphasising the importance of industry-led solutions in tackling financial fraud.
The Joint Task Force’s success will depend on collaboration with law enforcement, regular monitoring, and public cooperation. By addressing the root causes of fraud and enforcing compliance, this initiative has the potential to rebuild trust and ensure the sustainability of PoS services in the state.
Residents are encouraged to report any suspicious activities and utilise PoS services with confidence, knowing that robust measures are in place to safeguard their transactions.
