- Fraud in Nigerian banks in the third quarter of 2022 saw a significant increase
- The Financial Institutions Training Centre (FITC) said that ATMs, PoS, mobile and other channels accounted for N3.62 billion in the period
- About four bank staff forged cheques worth N521.3 million during the period
Automated Teller Machines (ATMs, Point of Sale (PoS) terminals, mobile and other electronic channels, and cash accounted for N3.62 billion in fraud in Nigerian banks in the third quarter of 2022.
The Financial Institutions Training Centre (FITC) stated this in its report ‘Report on Frauds and Forgeries in Nigerian Banks’ for Q3 of 2022, on cash theft incidents reported within the period.
