The reported represented a decrease of 77.62 per cent over the N2.09bn lost in the fourth quarter of 2023 according to FITC Report on Fraud and Forgeries in Nigerian Banks for Q1 2024 released on Monday.
The institution also noted that number of cases reported by the DMBs in Nigeria dropped by 7.5 per cent compared to the 12,405 cases reported in the fourth quarter of 2023.
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