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Nigerian anti-graft agency issues alert on prevalence of ATM, POS scams



Nigerian anti-graft agency, theEconomic and Financial Crimes Commission (EFCC) has issued an alert on the rise of scams by fraudsters using the Automated Teller Machine (ATM) and Point of Sales (POS) machine.

A statement by the Head, Media and Publicity of the Commission, Dele Oyewale, stated that the rate of unauthorised withdrawals from bank accounts of unsuspecting customers had become alarming and hence the necessity of the warning.

Oyewale noted that after some intense investigations, the agency found that the fraudsters made such withdrawals using ATM and Debit Card swapping.

“The Economic and Financial Crimes Commission has been inundated with a barrage of complaints from well-meaning Nigerians concerning unauthorised withdrawals from their bank accounts, which investigations by the commission have linked to Automated Teller Machine, ATM, Debit Card swapping or fraud,” Oyewale said in the statement on Monday.

“The modus operandi of fraudsters involved in this nefarious practice involves keeping a debit card of the same bank, and in the guise of helping a confused bank customer at any ATM point, swaps the card in such a hurry that the customer would not notice and at the same time memorises the pin used in trying the fake cards.

“These cards get stuck in the machine due to a wrong pin and the fraudster quickly abandons the victim, advising him/her to report to the bank while making away with the victim’s card to make immediate withdrawals from the account”, he added.

The agency urged the public to be more circumspect in the use of their debit cards.

On what customers should do to safeguard their cards and money, the EFCC spokesman said:

“In view of the preceding, the following tips may be useful in avoiding further financial losses by the banking public.

“1. Cards should be kept in sight or in a safe place. Whenever you get your card back after making any payment, make sure it is actually your card and not just one that looks similar.

“2. Regularly check your bank statements for any unknown transaction.

“3. Set transaction alerts to monitor any activity on your accounts or with your bank card.

“4. Cover the keypad with your hand or body when entering your PIN at POS terminal/ATM machines.

“5. Do not be in a rush to make payments or withdrawals, and request assistance only from officials of the bank.

“6. Call your banks to block your ATM cards immediately when your cards are stuck in the ATM machines or whenever you observe any irregularity.

“7. Ensure you know your bank’s ATM offline blocking code and quickly use it whenever it is misplaced or stolen.

“8. Dial the USSD code *966*911# and follow the pop-up instructions to block your ATM card instantly”.

“The EFCC will not relent in safeguarding personal, corporate and national finances in its quest to rid our nation of all forms of economic and financial crimes,” he promised.


Zambian govt begs citizens in diaspora to help attract foriegn investment



The Zambian government has called on its citizens in the diaspora to help in attracting foreign direct investment to the country in the face of the economic challenges the nation is going through.

Chief Government spokesperson, Cornelius Mweetwa, who made the appeal in Addis Ababa during a dinner hosted by Zambia’s Ambassador to Ethiopia, Rose Sakala, for the Zambian delegation that participated in the 37th African Union (AU) Ordinary Summit for Heads of State and Government, urged the diaspora citizens to portray Zambia’s image positively to the outside world so as to encourage foreign investors to invest in the country.

In a statement issued in Lusaka by the First Secretary for Press and Tourism at the Zambian mission in Addis Ababa, Ethiopia, inutu Mwanza, Mweetwa who is also Zambia’s Minister for Information and Media, said Zambians living abroad are the country’s flag carriers who should ensure that the good image of the country was portrayed at all times.

“It is important for those working abroad to look out for available opportunities and best practices to make Zambia better,” Mweetwa said.

Also speaking, Minister of Education, Douglas Syakailma, who also attended the event, called for hard work among Zambians.

“The AU theme for the year 2024 on Education, provides an opportunity for the government to re-look at aspects of education that require more attention to improve the education system,” he said.

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‘Nigerians living in scary times under Tinubu, APC’— PDP



Nigeria’s major opposition party, the Peoples Democratic Party (PDP), has, once again, lampooned the ruling All Progressives Congress (APC) over the hardship, hunger and economic challenges the country is facing under its watch.

The National Publicity Secretary of the PDP, Debo Ologunagba, who raised the alarm on Tuesday, said the living conditions of Nigerians under the administration of President Bola Ahmed Tinubu is so poor that Nigerians are currently living in “scary times” in the country.

Ologbondiyan who was a guest on a television programme, blamed President Tinubu and his economic policies for the worsening living conditions of Nigerians.

The PDP spokesman said in the past nine years that APC has been in power, it has displayed arrogance in failure and a tendency to purely pursue individual interests.

“What we have said several times over the years are coming to fruition, that the APC is not a political party; it’s a special-purpose vehicle, and a conglomeration of individuals who came together to pursue their individual personal gains,” Ologbondiyan said.

“Therefore, they have no mission, they have no vision, they have no policies or programmes. And that’s why we’ve found ourselves where we are now.

“Actually, the greatest thing for any leader is to be humble enough to admit errors. But what we’ve found over the years, in the last nine years now, is seeing APC displaying arrogance in failure.

“Rather than listen to other people, they are pretending to know it all; the insensitivity that ‘we can do it’ and that what other people are saying does not matter.

“Nigerians are in scary times under this government and everybody is affected both the people in government and the ordinary man on the street,” he stated.

The PDP image maker also blamed the APC government and Tinubu for his hurried decisions to remove fuel subsidy and float the naira which had led to “high inflation, low productivity, business collapse, job losses, poverty, hunger, insecurity and hopelessness in the country.”

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