Transactions Over ₦500,000 Could Link You to Crime – Police Warn POS Operators

The Delta State Police Command has issued a stern warning to point-of-sale (POS) operators about the dangers of processing transactions exceeding ₦500,000.

The Command’s Public Relations Officer, SP Bright Edafe, highlighted that such large transactions could implicate operators in criminal activities, particularly kidnappings.

In a recent statement, SP Edafe shared the case of a POS operator who unknowingly processed a ransom payment of ₦4,000,000 for kidnappers, earning just ₦40,000 in profit.

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“Don’t be a tool for kidnappers to collect ransom. It will be traced back to you,” he cautioned.

“My message to POS operators is simple—transactions above ₦500,000 can land you in serious trouble. This operator processed ₦4 million ransom for kidnappers, and her profit was just ₦40,000. Can you imagine? Be smart,” SP Edafe warned.

He further emphasized, “You may claim it’s just business, but before your lawyer can secure your release, you could spend time in jail.”

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The police stressed the importance of vigilance and compliance with federal regulations, which impose strict limits on transaction amounts to prevent misuse by criminals.

POS operators are urged to report any suspicious transactions and adhere to these guidelines to avoid potential legal consequences.

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