Police Arrest Moniepoint Loan Officer in Yobe Over Alleged ₦74 Million POS Fraud

The Yobe State Police Command has arrested a 32-year-old Moniepoint Field Loan Officer, Thlakham Daniel, over an alleged ₦74 million fraud targeting Point-of-Sale (POS) operators in Damaturu. The arrest was officially confirmed in a statement released on Friday by the command’s Police Public Relations Officer, ASP Yusuf Adamu Ali. Authorities have also recovered a vehicle from the suspect, which investigators believe was purchased with proceeds from the illicit activities.

According to law enforcement officials, the arrest followed a series of coordinated complaints lodged by seven different POS business owners within the state capital. The victims alleged that Daniel exploited his official position as a Field Loan Officer to gain access to their commercial accounts. Under the guise of profiling their businesses for standard Moniepoint credit facilities, the suspect reportedly processed and secured loans through their accounts without their authorization or knowledge, subsequently diverting the funds.

Because Field Loan Officers are directly responsible for managing credit-related activities—including assessing businesses, reviewing loan applications, and monitoring credit portfolios—the suspect’s professional role is a central focal point of the inquiry. Investigators are currently reviewing transaction records and digital footprints to map the precise movement of the stolen funds. The ongoing police investigation will also determine if the 32-year-old acted entirely alone or if he operated alongside accomplices within or outside the financial institution.

While the substantial ₦74 million figure makes this a high-profile financial crime investigation, police authorities have emphasized that the allegations remain unproven. Under Nigerian law, Daniel is presumed innocent until a competent court of law establishes his guilt through due legal process. The Yobe State Police Command is expected to conclude its forensic accounting and interrogation procedures before formal criminal charges are filed