Nigerian commercial banks have lost a total sum of N42.6bn to fraud and forgeries over a three-month period from April to June this year, a new report has stated.
The amount lost in the second quarter of 2024 alone exceeded the total amount lost to fraud by the banks throughout the entire year of 2023. In 2023, the banks lost a total of N9.4bn.
This was revealed by the Financial Institutions Training Centre in its Q2 2024 Fraud and Forgeries…
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