The Economic and Financial Crimes Commission (EFCC) has advised Nigerians to be wary of ATM swap fraudsters, saying the commission had been inundated with a barrage of complaints from the public concerning the incident.<\/p>\n
The EFCC Head of Media and Publicity, Mr Dele Oyewale, gave the advice in a statement made available to newsmen on Tuesday in Ibadan.<\/p>\n
Oyewale said investigations by the Commission have linked unauthorized withdrawals from customers’ bank accounts to Automated Teller Machine (ATM) day Debit Card swapping or fraud.<\/p>\n
He said that the modus operandi of the fraudsters involved keeping a debit card of the same bank and swapping the card in the guise of helping a confused bank customer at any ATM point.<\/p>\n
\u201cThey swap the card in such a hurry that the customer would not notice and at the same time memorize the pin used in trying the fake cards.<\/p>\n
\u201cThese cards get stuck in the machine due to a wrong pin and the fraudster quickly abandons the victim, advising him\/her to report to the bank while making away with the victim\u2019s card to make immediate withdrawals from the account.<\/p>\n
\u201cThis card swapping typically happens in any service delivery point, such as Point of Sale (POS) terminals, and ATM points, among others,\u201d Oyewale said.<\/p>\n
He said that the fraudulent practice was gaining momentum across the country and the banking public was enjoined to be more circumspect in the use of debit cards.<\/p>\n
The commission listed the useful tips to be adopted by the banking public to avoid further financial losses to include keeping cards in sight or a safe place after making any transaction and ensure that the card actually belongs to oneself.<\/p>\n
\u201cRegularly check your bank statements for any unknown transaction, set transaction alerts to monitor any activity on your accounts or with your bank card are also vital in stopping the fraudsters.<\/p>\n
\u201cYou could also cover the keypad with your hand or body when entering your PIN at POS terminal\/ATM machines and never be in a rush to make payments or withdrawals and request for assistance only from officials of the bank.<\/p>\n
\u201cCall your banks to block your ATM cards immediately your cards are stuck in the ATM machines or whenever you observe any irregularity.<\/p>\n
\u201cEnsure you know your bank\u2019s ATM off line, blocking code and quickly make use of it whenever it is misplaced or stolen.<\/p>\n
\u201cDial the USSD code *966*911# and follow the pop-up instructions to block your ATM card instantly,\u201d EFCC advised<\/p>\n
Oyewale said the commission would not relent in safeguarding personal, corporate and national finances in its quest to rid the nation of all forms of economic and financial crimes.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Economic and Financial Crimes Commission (EFCC) has advised Nigerians to be wary of ATM swap fraudsters, saying the commission had been inundated with a barrage of complaints from the public concerning the incident. The EFCC Head of Media and Publicity, Mr Dele Oyewale, gave the advice in a statement made available to newsmen on […]<\/p>\n","protected":false},"author":13,"featured_media":8257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[182],"tags":[223],"class_list":["post-8255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defence-and-security","tag-efcc"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=8255"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8255\/revisions"}],"predecessor-version":[{"id":8258,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8255\/revisions\/8258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/8257"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=8255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=8255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=8255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}