A Nigerian guy lost ₦1 million due to suspected fraud after withdrawing cash from a roadside POS operator. He warns others to be cautious when utilising unregistered POS agents.

In a TikTok video released by @travelwithscottpears, he explained how he used his FCMB card to make a purchase during a trip to Badagry. Within hours, he realised that ₦1 million had been removed from his account without his knowledge.

Read what he said below:

“I have finally fallen victim to fraud, online fraud. So you see those people that are on the streets, where the only thing you see them carrying is money and POS, walking around. Please, as long as they don’t have a shop, do not withdraw from them. You’ll regret it.

I travelled to Badagry and made a withdrawal with my FCMB card. Everything went well, but around 11 p.m., I saw a withdrawal of one million naira from my account.”

The individual claimed that he immediately went to his bank, where staff validated the transaction and traced it back to the previous POS terminal from which he had withdrawn money.

He further claimed that investigations found that the money was transferred to a SportyBet account, leading him to suspect that his credit card information had been compromised during the transaction.

“When we checked, we saw that the money was withdrawn into a SportyBet account because the person doesn’t want to be tracked. Obviously, I was hacked. This is another way they are taking money from people. Please be careful with those people on the roadside carrying POS machines,” he added.

His comments have raised worry online, with many recommending others to only utilise reputable POS operators and bank ATMs to avoid falling prey to similar scams.