Tag: Bank fraud

News

Rising fraud cases in banks spark concerns among stakeholders

Stakeholders in Nigeria’s financial sector are expressing concern over the increasing cases of fraud in banks, with billions of Naira being lost to fraudsters every month. This follows the release of the Financial Institutions Training Centre fraud and forgery report for Q3 2024, which highlights a significant rise in both the number of fraud cases […]

China warns against geographic info data breaches
Banking

Bank customers lose N2.72 billion to crooks – Report

  An FITC  analysis has revealed that bank customers in Nigeria lost a total of N2.72 billion to fraud in the first and second quarters of 2022. According to The Punch, it was that a total of 67,878 instances of fraud were reported throughout this time. This was supported by the second quarter report that our correspondent downloaded […]