Nigerian rapper Ycee has called for the banning of Point of Sale (POS) machines in the country after recounting a distressing incident where he lost millions of naira in 2024.
The rapper, whose real name is Oludemilade Martin Alejo, shared the details of the incident on his Instagram story.
In the video, he explained that N2.7 million was stolen from his bank account in November 2024. According to Ycee, this was not the first time he had fallen victim to such a theft.
Ycee revealed that the unauthorized withdrawals were made using his ATM card, with a total of N2.7 million being stolen in three transactions.
The first was N1 million, followed by another N1 million, and then N700,000. He further clarified that the money was not taken from an ATM, but rather through a POS machine.
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The rapper expressed his frustration, stating that his bank had yet to provide an explanation for the missing funds or offer any solution.
Ycee also raised concerns about the lack of security around POS transactions, arguing that if the theft had occurred at an ATM, the incident would have been captured on CCTV.
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In light of his experience, Ycee advocated for a nationwide ban on POS machines, suggesting that many others may have been victimized by similar crimes.
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