Well-meaning Nigerians have been flooding the Economic and Financial Crimes Commission (EFCC) with complaints about illegal withdrawals from their bank accounts. The Commission's investigations have connected these transfers to ATM debit card switching fraud. The scammers who engage in this nefarious practice keep a debit card from the same bank, and under the pretense of assisting a bewildered bank customer at any ATM, quickly switch the card so the customer won't notice, while also memorizing the PIN needed to try the fake cards.

When a victim's card becomes stuck in the machine because they entered the wrong pin, the fraudster promptly leaves the victim and tells them to report the incident to the bank, taking the victim's card and using it to make instant withdrawals from their account. This card change usually takes place at any service delivery point, including ATMs, terminals, and points of sale. The public is advised by banks to use debit cards more cautiously as this fraudulent activity spreads throughout the nation. In light of the aforementioned, the following advice might help the banking public prevent more financial losses.

Nonetheless, the EFCC has vowed to keep up its relentless efforts to protect individual, business, and governmental money in its mission to purge our country of all financial and economic crimes.