The young man was nabbed for allegedly defrauding Point-of-Sale POS operators in the state.

A 26-year-old man identified as Emmanuel Okoroafor, has been arrested by men of the Rapid Response Squad of the Lagos state police command.

He was nabbed for allegedly defrauding Point-of-Sale POS operators in the state.

Posting via its Official Facebook page, the RRS wrote; ''Emmanuel Okorafor, 26, was arrested yesterday evening in Ojota. He was caught in an ATM fraud. He confessed he started it three weeks ago.

Okorafor has been defrauding POS operators various sums of money. He normally give them a figure in seven, which the operator would enter into his POS (N52,000:00). Once the machine is handed to him to enter his PIN, he would cleverly delete two zeros (N5,200:00) before returning it to the operators.

With this, the operators pay him N52, 000:00 while he is debited N5, 200:00.

In his confession, he re-acted same fraud in five POS points yesterday around Ogudu GRA and Ojota before he was arrested in the evening.

As at yesterday, three POS operators said he played the same trick on them. His ATM matched that used in defrauding the victim.

Some of them said they have accused and sacked many of their attendants for stealing their money.

Investigations revealed that the ATM was used to collect various sums of money ranging from N52,000 to N5500 in many POS points.

NOTE: We are not covering his face so that his victims can identify him.''