August 24, (THEWILL) –Â The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has expressed its readiness to curb fraudulent transactions carried out through Point Of Service (POS) operations within the country.
Chairman of the Commission, Prof. Bolaji Owasanoye (SAN), made this known when members of the Association of Point of Sales (POS) Users in Nigeria (APOSUN) paid an advocacy visit to the Commission’s headquarters in Abuja.
Prof Bolaji commended APOSUN for creating jobs for the youth through the POS business.
He also urged them to organise periodic programmes that would ensure that operators are upright and encouraged to report suspicious transactions.
Speaking further, he advised the association to put in more effort on sensitising members of the public about their activities.
This development is in response to the earlier call made by the Chairman of the Board of Trustees (BOT) of APOSUN, Barrister Ibrahim Abdullahi, seeking for the collaboration of ICPC.
The main aim of the collaboration is to minimise fraudulent activities and suspicious transactions at POS centres in Nigeria, as well as draw from ICPC’s wealth of experience in fighting corruption.
Abdullahi stressed that the association was willing to provide relevant information to ICPC on new techniques and methods of corrupt practices through POS transactions, as well as report intended fraud and the perpetrators.
He said the association was determined to ensure a safe environment for POS transactions for users and operators in these challenging times.
He also hoped that its partnership with ICPC would help create a better space for operations in Nigeria.
On his part, the ICPC Deputy Director, Systems Study and Review Department (SSRD), Clement Obaniyi, who also spoke during the visit, urged the association to update their database. This, he said is to ensure that all operators were registered so as to make fraudulent transactions traceable.
Obaniyi charged them to extend their collaborations to relevant financial institutions, adding that it would help rid their operations of fraudulent acts.
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