As the economic situation of the country deteriorates, fraudsters may be getting smarter in their craft as operators of agent banking, popularly known as point of sale , in the Federal Capital Territory have raised concerns over rising financial frauds, which threaten their businesses.
The operators, who spoke with The Guardian, said their businesses are threatened by fake alerts and other scams. Another operator, Fred Umeh, said his business has almost crumbled over losses that he has repeatedly incurred over fraudulent transactions. Some operators in the cities have stopped the transfer options and opted for automated machine card card withdrawal. This is because most criminals use fake alerts, computer-generated credit alerts, to defraud their targets.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has commended the National Assembly for unilaterally raising the 2024 budget, describing it as a true practice of democracy. The President of Abuja Chamber of Commerce and Industry , Emeka Obegolu, said naira depreciation could be attributed to illicit financial transactions and corruption in government circles.