EFCC Accuses Banks of Collusion with POS Operators to Limit ATM Cash Availability

The Economic and Financial Crimes Commission (EFCC) has levied accusations against banks, alleging collusion with Point-of-Sale (POS) operators to restrict cash availability at Automated Teller Machines (ATMs). This accusatory finger points towards what the EFCC terms as “financial illegality,” where POS operators purportedly amass substantial cash from banks, leaving ATMs shortchanged and inconveniencing Nigerian consumers. The EFCC, [...]The post EFCC Accuses Banks of Collusion with POS Operators to Limit ATM Cash Availability appeared first on Tekedia.

Read More