EFCC Warns of Weak POS Systems in Nigeria
The Economic and Financial Crimes Commission (EFCC) has raised concerns over Nigeria’s fintech and Point-of-Sale (POS) networks. Weak verification processes and poor oversight, they warn, create opportunities for criminal exploitation. At a resumed investigative session organized by the House Ad-hoc Committee on Cryptocurrency and POS Operations, Dein Whyte, EFCC Cybercrime Section Supervisor, explained the risks….
