Court Jails POS Dealer In Uyo, As EFCC Warns Operators Against Illegal Transaction

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC on Friday, March 26, 2021, secured the conviction and sentencing of one Austin Christopher Essiet, a Point of Sale, POS, fraudster before Justice Agatha Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State.

 

Essiet met his waterloo on October 19, 2020, when he was arrested by operatives of the Commission along Ifa Road, Uyo. His arrest followed information by a concerned POS operator whose account was frozen by his bank after Essiet made withdrawal from different accounts, up to the tune of N150,000.00 (One hundred and fifty thousand naira),from his POS booth on Oron Road..

 

According to the POS operator, shortly after the defendant left his shop, his account was immediately frozen by his bank, following reports of fraudulent withdrawals by the various account owners. He alleged further that the bank compelled him to pay back the withdrawn sums to the various owners.

 

The defendant was arraigned on Tuesday, November 17, 2020, and he pleaded “not guilty”, which led the prosecution, through its counsel, Agbo Abuh to open trial, to prove its case against Essiet.

 

On November 27, 2020, the prosecution called three witnesses; John Effiong Etim, the petitioner (PW1); Godswill Vesta Utong, Access Bank staff (PW2); and Unyime Moses, an EFCC operative (PW3).

 

The witnesses tendered documents which were admitted in evidence.

 

The prosecution however, closed its case on December 12, 2020. But when the matter came up on March 18, 2021, for the defendant to open defence, his counsel, G. N.  Ezugwu informed the court of the defendant’s intention to change his plea and the matter was adjourned to March 26, 2021.

 

When the matter came up today, Abuh informed the Court about an amended information and asked that the charge be read to defendant. When the charge was read to him, he pleaded “guilty” to the one-count count charge bordering on fraud and stealing to the tune of N150, 000.00.

 

In view of his plea, Abuh urged the Court to rely on the testimonies of the witnesses earlier presented and the exhibits admitted in evidence, to convict Essiet.

 

Justice Okeke convicted and sentenced the defendant to 1year imprisonment without an option of fine, with effect from the date of his arrest. The court also ordered the convict to pay the sum of N150, 000.00 as restitution to the petitioner.

 

Meanwhile, the EFCC, has warned operators of Mobile Money and Banks Agents otherwise known as POS operators against illegal cash transactions.

 

The Commission’s Zonal Head in Sokoto CDS Bawa Usman Kaltungo  gave the warning March 25, 2020 at a meeting with the Sokoto Chapter of  Mobile Money and Banks Agents Association, (MMBA) Sokoto State Chapter in his office.

 

He express concern at the high rate of mobile money fraud in the zone, and called on the association to join hands in the fight against money laundering and electronic transaction fraud.

 

“The EFCC is ready to deal with individuals, groups and organizations that conspire with some bad eggs among us to perpetrate the act of illegal transactions and money laundering,” he said.

 

Kaltungo further advised POS operators in Sokoto to keep record of their transactions and identity of their customers, to curb illegal financial transaction and money laundering in Nigeria.

 

“Most POS don’t have identity of those withdrawing or sending money from them. That is contravention of the Money Laundering Act. We have to salvage this country but we can’t do that alone.” he said.

 

While encouraging members of the association to comply with all provisions of the Money Laundering Act, Kaltungo warned that the EFCC won’t hesitate to clamp down on violators.

 

However, the chairman of the Association Abubakar Atiku, while commending the sensitization meeting, assured that his members are law abiding and ready to comply with all extant laws, regulating monetary transactions in Nigeria.