The Rising Spate Of POS Fraud In Nigeria And How Best To Avoid Getting Scammed

For those of you in Nigeria, I am advising you right now to minimize how you carry out debit transactions with your Automated Teller Machine (ATM) card in most of these numberless Point of sale (POS) agents in Nigeria.
Reason is that majority of them posing as POS agents are nothing but shameless and puke-inducing scam heads with their POS machine.
What their machine does anytime an atm card is being slotted is to copy your ATM card unique card number and some security information such as serial number eg 23407972020172, an expiration date eg (02/204) and your card 3-digit number aka CVVC (CVV) (689) – some crooks might go trying this digits I just gave here thinking it could be my real card details – and then when inputting your ATM pin, same machine will automatically store your pin.
After few hours or days, you’d start receiving debit alerts which you never carried out because those criminals will zero your funds in your account.
Biko, I am advising that instead of making transactions via POS with your ATM card, download your bank mobile app and whenever you wish to make debit, go to any POS agent and tell them that you’d wish to send them money via your mobile app. Let them call out their account numbers to you, do the transaction with your phone and then collect your money.
You can also make your debit transactions via Unstructured Supplementary Service Data aka USSD code. For instance: If you want to send money to other Nigerian banks via UBA bank, just dial *919*4# and follow the on-screen command.
You can also go to any nearby bank ATM gallery. Avoid POS agents unless you want someone to live off your life savings. Criminals are on the leash in Nigeria posing as POS agents.
These steps I just suggested right now are the safest way of avoiding criminals rip you off your life savings. Don’t say nobody gave you a heads up cos I just did. Thank you!

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