Deposit Money Banks (DMBs) in Nigeria have recorded a substantial decline in fraudulent activities to N468.42m in the first quarter of 2024 from the N2.09bn lost in the fourth quarter of 2023.
This represents a 77.62 per cent decrease according to the Financial Institutions Training Centre (FITC) Report on Fraud and Forgeries in Nigerian Banks for Q1 2024 released on Monday.
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