The incidents of fraud in the banking sector assumed an upward trend in the second quarter of this year as 24 Deposit Money Banks recorded 11,679 fraud cases valued at N9.75bn.
Out of the N9.75bn, the total losses to the incident amounted to N5.79bn during the period, representing about 1,125 per cent increase when compared with the N472m lost in the first quarter of 2023.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2024 All Rights Reserved | Curated and Powered by Nigeria DNA
