A 29-year-old commercial motorcyclist, Victor Ukachuckwu, has narrated how he used an online application he downloaded from the internet to defraud Point of Sales (POS) operators in Ondo State.
Mr Ukachuckwu made the statement while speaking with journalists after he was paraded by the Nigeria Security and Civil Defence Corps (NSCDC) on Thursday in Akure.
The suspect, who claimed to be a commercial motorcyclist, said that he started engaging in the fraud about a month ago.
“I saw the application online and I learned how to use it which I tried and it worked, though I used it only five times in this month.
“I made N55,000 from the fraud business before I was arrested by NSCDC operatives in Akure,” he said.
While speaking on the incident, Hammed Abodunrin, State Commandant of NSCDC, explained that the suspect had defrauded many POS operators with his tricks.
According to him, the suspect is in the habit of going to POS operators to withdraw money.
“He would tell the bank that he had bought certain things and the goods were not delivered to him so he wants the transaction cancelled and the money returned to his account. He would go back later and withdraw the reversed amount.