Home » Guide yourselves against ATM swap fraudsters, EFCC warns Nigerians

Guide yourselves against ATM swap fraudsters, EFCC warns Nigerians

by John Ojewale
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The Economic and Financial Crimes Commission (EFCC) has advised Nigerians to be on the lookout for ATM swap fraudsters, citing a surge of complaints about the crime.

Mr Dele Oyewale, the EFCC’s Head of Media and Publicity, issued the warning in a statement on Tuesday.

According to Oyewale, investigations by the Commission have connected unauthorised withdrawals from customers’ bank accounts to ATM Debit Card swapping or fraud.

He went on to say that the fraudsters used a debit card from the same bank and switched it under the pretext of aiding a befuddled bank client at any ATM.

Oyewale said:

“They 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.

“These 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’s card to make immediate withdrawals from the account.

“This card swapping typically happens in any service delivery point, such as Point of Sale (POS) terminals, and ATM points, among others.”

 

 

 

 

 

cc: Daily Post Ng

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