- Nigerian rapper Ycee reveals he lost N2.7 million from his bank account in November 2024 through a Point of Sale (POS) machine.
- The unauthorized withdrawals were made in three separate transactions: N1 million, N1 million, and N700,000.
- Ycee shares his frustration as the bank has not provided any explanation or solution regarding the missing funds.
- The rapper calls for the banning of POS machines in Nigeria, citing security concerns and the lack of CCTV footage for POS transactions.
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.
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.
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.
Netizens Reactions…
@joshua_ewofobe said: “If you live in Nigeria and you don’t by any means involve in anything fraudulent, huge respect for you.”
@saneboiyaman said: “Where have you been dude give us something to munch on we miss your sounds.”
@vaayleen__ said: “Why do people still use ATM cards?!”
@brownney_ said: “That’s very sad.”
@nci_wears said: “Sorry take heart.”
@oyinade_clothing_materials said: “This is so sad ,ripping people off their hard earned money.”
@april_udoh said: “The Government wouldn’t do anything o, bank wouldn’t do anything. Honestly If those people see heaven na view once.”
@raybe_ka5 sai: “Like literally same tin happened to my mom two days ago.”
@yemdross said: “This is a global issue not only Nigeria. If you swipe your card anyhow anywhere, you are going to get it from the boys. That is why we use credit cards so the money can be refunded and not impact cash. Nigerian government should make bank responsible for fraudulent activities to a certain extent.”
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