The EFCC cautioned Nigerians about ATM switch scammers, citing an influx of complaints received by the commission. Mr. Dele Oyewale, the EFCC’s Head of Media and Publicity, issued this warning in a statement on Tuesday.
Oyewale highlighted that the Commission’s investigations unveiled a connection between unauthorized withdrawals from customers’ bank accounts and ATM Debit Card switching or fraud.
He elaborated that the scammers’ technique involves using a debit card from the same bank and swapping it while pretending to assist a confused bank customer at an ATM.
“They swap the card in such a hurry that the customer would not notice and at the same time memorize 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.
