Hit-and-Run Kills Pedestrian on Sagamu-Ijebu-Ode Road
A pedestrian was killed in a hit-and-run accident on the Sagamu-Ijebu-Ode Expressway on Christmas Day. The driver fled the scene. Read the full report.
Category : Search result: POS transaction trace
7 Injured in Lagos-Ibadan Expressway Crash
A bus somersaulted on the Lagos-Ibadan Expressway after a tyre burst, injuring seven. TRACE and FRSC responded. Also, a fatal tanker explosion occurred in Lagos. Read details.
Nigeria Deletes Terrorist Accounts on TikTok, Facebook, X
Nigeria's NCTC is collaborating with social media giants to delete accounts used by terrorists and bandits. The agency also exposes new ransom methods via POS operators. Read the full report.
Terrorists Using PoS to Collect Ransom - FG
The FG reveals terrorists are exploiting PoS operators to collect ransom, making funds harder to track. Security agencies are collaborating with tech firms to dismantle their networks.
Bank Transfer Costs to Rise in Nigeria from 2026
Starting January 2026, Nigerians will pay higher charges for online transfers as the government reintroduces stamp duty. Find out how this policy shift will impact your wallet.
Terrorists Use PoS for Ransom, FG Alerts Public
The Nigerian government warns terrorists are using PoS agents to collect ransom, evading detection. Security agencies are working with social media giants to dismantle terror networks. Read more.
Ogun Assembly Directs TRACE to Tackle Kuto Flyover Parking
Ogun State House of Assembly mandates TRACE to end illegal parking under Abeokuta's Kuto Flyover to improve safety. State also reveals plans for a state-owned airline and modern bus terminals. Read more.
CBN Directs Banks to Enable Foreign Card Use on ATMs, POS
The CBN mandates Nigerian banks to configure ATMs and POS terminals to accept foreign cards, introducing new security measures for transactions above $200 daily. Report challenges to the Consumer Protection Department.
CBN Orders Banks to Accept Foreign Cards on ATMs, POS
The Central Bank of Nigeria mandates banks to reconfigure ATMs and POS terminals for international cards. New security measures for transactions above $200 daily are also introduced.
Boy Fakes Kidnapping, Extorts N1.7m from Mother
Lagos police arrest five suspects, including a 15-year-old boy, for staging a fake kidnapping to extort N1.7 million ransom from his mother. Full details of the elaborate scam revealed.
Graduate Cries Out Over Working as POS Operator
A Nigerian female graduate shares her emotional story of working as a POS operator, lamenting her situation after a stranger questioned her career path. Read her story and public reactions.
Two Dead in Sagamu-Benin Expressway Crash
Two persons have died in a fatal head-on collision involving a bus and a truck on the Sagamu-Benin expressway in Ogun State. TRACE confirms the driver caused the crash by driving against traffic.
PoS Operators Reject CAC Shutdown Plan, Head to Court
PoS operators, led by NAFIAN, plan a legal challenge against the CAC's mandatory registration, calling it overreach. The January 1, 2026, deadline could see unregistered terminals seized.
CAC to Report Fintech Firms to CBN Over PoS Operators
The Corporate Affairs Commission warns it will place OPay, Moniepoint, Palmpay on a watchlist and report them to the CBN for enabling unregistered PoS agents. New deadline set for January 2026.
CAC Gives PoS Operators New Registration Deadline
Corporate Affairs Commission sets new deadline for PoS agents to register businesses or face sanctions. Industry faces fresh tension as compliance remains low. Read the full details.
CAC: POS Operators Must Register by Jan 1, 2026
The Corporate Affairs Commission has set January 1, 2026 as the final deadline for all POS operators to register. Unregistered terminals will be seized, and enabling fintechs reported to CBN. Act now to comply.
CAC: Unregistered POS Terminals Face Seizure from 2026
CAC orders all PoS operators to register by Jan 1, 2026, or face seizure. Fintechs enabling illegal transactions will be watchlisted. Full compliance is mandatory.
POS Machine in Church Sparks Debate in Nigeria
A Nigerian lady's TikTok video showing a POS machine inside her church has ignited a fierce online debate about modernity and worship. See the divided reactions.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
House Committee Warns of Digital Payment Vulnerabilities
A House of Representatives committee reveals alarming cybersecurity gaps in Nigeria's digital payment systems, exposing citizens to fraud and national security risks. Learn how to protect your finances.
Two injured in Ogun multiple auto crash
Two persons sustained injuries in a multiple vehicle collision on Abeokuta-Lagos Expressway. TRACE confirms 17 passengers involved, no fatalities reported. Read full details.
Nigerian lawmakers investigate rising POS fraud cases
House of Representatives investigates escalating POS fraud reaching N52.26bn. Committee reveals security breaches, cloned terminals, and urgent need for regulatory framework. #POSFraud #FinancialSecurity
Reps Committee Raises Alarm Over POS Fraud
House of Representatives committee warns of rising POS fraud and unlicensed crypto dealings by operators. Investigation reveals security gaps and regulatory breaches in Nigeria's fintech sector.
One Dead, Five Injured in Ogun Road Accidents
A fatal multiple auto crash on Sagamu/Ikorodu Expressway claims one life, while another incident on Sango-Ijoko Road leaves two injured. TRACE confirms details and causes.
Two killed in Ogun auto crashes, including ritual hit
Tragedy strikes Ogun State as two separate auto accidents claim lives. A woman killed by suspected internet fraudster in Abeokuta, while truck-motorcycle collision proves fatal on Lagos/Abeokuta Expressway.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
Suspected Yahoo Boy Kills Woman in Abeokuta Crash
A woman identified as Kehinde Adewummi was killed by a speeding car driven by a suspected internet fraudster in Abeokuta. TRACE confirms separate fatal accident on Lagos-Abeokuta Expressway.
Truck kills motorcyclist in Ogun road accident
A male adult died when a speeding truck rammed into his motorcycle at Iyana-Ologbo along Lagos-Abeokuta Expressway. TRACE confirms excessive speed caused the fatal crash.
POS Agent Marries Customer in Heartwarming Nigerian Love Story
A Nigerian POS agent shares her joyful story of marrying a loyal customer. Their viral TikTok video inspires thousands with this unexpected love connection.
15 Injured in Ogun Multiple Auto Crash
Multiple vehicle collision at Omoyele Junction leaves 15 injured. TRACE confirms brake failure caused the accident. Police arrest suspected cultist in separate incident.
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