• Crime
  • Updated: May 20, 2024

Police arrest two persons in Bida for ATM card swapping fraud

Police arrest two persons in Bida for ATM card swapping frau

Police in Niger State apprehended two individuals in Bida for ATM card-switching fraud.

The suspects, who are from Masaka, Nasarawa State, were discovered in possession of 42 stolen ATM cards.

According to a statement released by SP Wasiu Abiodun, spokesman for the Niger State Police Command, the accused said they were on their way to Offa for a burial ceremony when they chose to halt in Bida.

Abiodun said that during the layover, they engaged in fraudulent activity by taking ATM cards from unsuspecting customers.

The statement reads, “Two suspects arrested in Bida for ATM cards swapping/42 cards recovered. The suspects came from Masaka, Nasarawa State and claimed that they were heading to Offa for a burial. They decided to stop over at Bida to steal victims' cards for fraud.”

In a related report, the Economic and Financial Crimes Commission (EFCC) has arrested one Yusufu Tanimu for Automated Teller Machine, ATM, and card fraud in Gombe state capital.

The Gombe Zonal Command made this known on Friday. 

The anti-graft agency shared, “Tanimu was arrested following actionable intelligence on his suspected involvement in  ATM card fraud in Ecobank  Plc.” 

“Items recovered from him at the point of his arrest include 33 ATM cards, belonging  to different banks,  a Techno phone and an ATM card holder.” 

EFCC, however, added that he would be charged to court as soon as the investigation into his activities is concluded.

Meanwhile, the Economic and Financial Crimes Commission (EFCC) has advised Nigerians to be wary of ATM swap fraudsters.

Dele Oyewale, the EFCC Head of Media and Publicity, advised in a statement made available to newsmen on Tuesday in Ibadan

Oyewale said investigations by the Commission have linked unauthorised withdrawals from customers' bank accounts to Automated Teller Machine (ATM) day Debit Card swapping or fraud.

He said that the modus operandi of the fraudsters involves 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.

“They swap the card in such a hurry that the customer would not notice and at the same time memorise 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,” Oyewale said.

The commission listed the useful tips to be adopted by the banking public to avoid further financial losses including keeping cards in sight or a safe place after making any transaction and ensuring that the card belongs to oneself.

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