Mobile Money Operator Reacts As EFCC Warns POS Operators Over Illegal Cash Transactions

The Economic and Financial Crimes Commission, EFCC recently
warned operators of Mobile Money and Banks Agents otherwise known
as POS operators over illegal cash transactions.

The Commission’s Zonal Head in Sokoto CDS Bawa Usman Kaltungo on
Thursday, March 25, 2021, gave the warning at a meeting with the
Sokoto Chapter of Mobile Money and Banks Agents Association, (MMBA)
Sokoto State Chapter in his office.

EFCC boss express concern at the high rate of mobile money fraud
in the country, and called on the association to join hands in the
fight against money laundering and electronic transaction
fraud.

But while reacting to this, the South West coordinator of
Moniepoint, Israel Eniolorunda frowned at this development noting
that nefarious activities of many of these POS operators in the
country drives agents to their platform to enjoy better legitimate
and quality services.

Eniolorunda stated this over the weekend at the get together
party of cluster managers of Moniepoint in Oyo State at Mauve 21
event centre in Ibadan.

According to him, Moniepoint, the Mobile Money Operator
otherwise known as POS operator has been rated as the most
reliable, fast and profitable mobile money platform in Nigeria.

Eniolorunda noted that available data online rated the
organization as the best in providing banking services to customers
like data top up, airtime top up, money transfer, cash withdrawal
and all bills payment.

He added that technically, the rating is based on data which
reveals that MoniePoint is presently covering 35℅ of the industry
with over 20 operators.

He said: “The drive for financial inclusion in Oyo state and in
the country at large receives a major boost with the establishment
of Moniepoint in 2018.

“The brand has since then grow from strength to strength
becoming the leading Mobile banking agency platform in the country
with over 30,000 agent network in every nooks and corner of the
country processing a transaction value of almost N400bn monthly”,
he stated.

Speaking on the giant stride of POS operators under the
organization in Oyo State, Eniolorunda said: “the pace setter state
is no doubt at the lead role with about 3000 agent network with a
daily transaction value of about #1.5bn.

“The role of the brand Cluster managers in Oyo state under the
able leadership of the state coordinator, Mr Gboyega Ogunsola
cannot be overemphasized in ensuring the the brand continues to
exceed the expectations of the agent network in delivering
financial happiness to the financially undeserved”.

According to the Oyo State Coordinator, Mr. Adegboyega Ogunsola,
other state coordinator were to grace the event with Growth
manager, Mr. Tolu Adetuyi and Business manager, Michael Olaitan
from the headquarters.

Ogunsola said what gave Moniepoint the edge above other
operators is the CEO who is highly industrious and who had
instilled in the staff the motivating spirit to put their best in
their service delivery.

One of the cluster managers in Oyo State, Ahmed Ayoade revealed
that quality service is the selling point of the brand which has
made Moniepoint the best in terms of service delivery, customers’
support services and prompt response to agents’ needs. He added
that challenges are imminent but the organization have prepared to
surmount the challenges which is one of the things that makes the
brand stands out.

The Economic and Financial Crimes Commission, EFCC recently
warned operators of Mobile Money and Banks Agents otherwise known
as POS operators over illegal cash transactions.

The Commission’s Zonal Head in Sokoto CDS Bawa Usman Kaltungo on
Thursday, March 25, 2021, gave the warning at a meeting with the
Sokoto Chapter of Mobile Money and Banks Agents Association, (MMBA)
Sokoto State Chapter in his office.

EFCC boss express concern at the high rate of mobile money fraud
in the country, and called on the association to join hands in the
fight against money laundering and electronic transaction
fraud.

But while reacting to this, the South West coordinator of
Moniepoint, Israel Eniolorunda frowned at this development noting
that nefarious activities of many of these POS operators in the
country drives agents to their platform to enjoy better legitimate
and quality services.

Eniolorunda stated this over the weekend at the get together
party of cluster managers of Moniepoint in Oyo State at Mauve 21
event centre in Ibadan.

According to him, Moniepoint, the Mobile Money Operator
otherwise known as POS operator has been rated as the most
reliable, fast and profitable mobile money platform in Nigeria.

Eniolorunda noted that available data online rated the
organization as the best in providing banking services to customers
like data top up, airtime top up, money transfer, cash withdrawal
and all bills payment.

He added that technically, the rating is based on data which
reveals that MoniePoint is presently covering 35℅ of the industry
with over 20 operators.

He said: “The drive for financial inclusion in Oyo state and in
the country at large receives a major boost with the establishment
of Moniepoint in 2018.

“The brand has since then grow from strength to strength
becoming the leading Mobile banking agency platform in the country
with over 30,000 agent network in every nooks and corner of the
country processing a transaction value of almost N400bn monthly”,
he stated.

Speaking on the giant stride of POS operators under the
organization in Oyo State, Eniolorunda said: “the pace setter state
is no doubt at the lead role with about 3000 agent network with a
daily transaction value of about #1.5bn.

“The role of the brand Cluster managers in Oyo state under the
able leadership of the state coordinator, Mr Gboyega Ogunsola
cannot be overemphasized in ensuring the the brand continues to
exceed the expectations of the agent network in delivering
financial happiness to the financially undeserved”.

According to the Oyo State Coordinator, Mr. Adegboyega Ogunsola,
other state coordinator were to grace the event with Growth
manager, Mr. Tolu Adetuyi and Business manager, Michael Olaitan
from the headquarters.

Ogunsola said what gave Moniepoint the edge above other
operators is the CEO who is highly industrious and who had
instilled in the staff the motivating spirit to put their best in
their service delivery.

One of the cluster managers in Oyo State, Ahmed Ayoade revealed
that quality service is the selling point of the brand which has
made Moniepoint the best in terms of service delivery, customers’
support services and prompt response to agents’ needs. He added
that challenges are imminent but the organization have prepared to
surmount the challenges which is one of the things that makes the
brand stands out.