The Financial Institutions Training Centre (FITC) has reported that fraud-related cases led to the sack of about 110 top bank executives and junior workers between the second quarter (Q2) of 2021 and Q2 2023.
According to the ‘Reports of Fraud and Forgeries in Nigerian Banks’’ report released by FITC, the sacked bank staff were involved in a total of 967 fraud cases within the review period.
FITC, a group consisting of the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and all deposit money banks, said Q3 last year recorded the highest number of employees sacked for fraud-related cases.
