The Nigeria Security and Civil Defence Corps, NSCDC, said it has arrested a 29-year-old commercial motorcyclist, Victor Ukachuckwu.
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| File Photo: A POS Machine | thecable.ng |
The suspect was arrested for using an online application he downloaded from the Internet to defraud Point of Sales (POS) operators in Ondo State.
A point-of-sale (POS) terminal is a hardware system for processing card payments at retail locations.
Mr Hammed Abodunrin, State Commandant of NSCDC, made this known to newsmen in Akure on Friday, NAN reports.
According to him, the suspect defrauded many POS operators with his tricks.
He noted that after the suspect defrauded POS operators, he will access his own bank through a firewall application to inform the bank that he made a transaction which failed.
“He would tell the bank that he had bought certain things and the goods were not delivered to him so he wants the transaction cancelled and the money returned to his account. He would go back later and withdraw the reversed amount.
“The suspect was arrested today, we were about to grant him bail and we just felt we should approach his bank and another money just came back into his account, which means that there are so many that will still come back to his account,” the NSCDC Chief explained.
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