21% of the ₦17.67 billion lost to fraud in 2023 was recorded in October, totaling ₦3.76 billion

Fraud data submitted to the Nigeria Inter-Bank Settlement System by financial institutions in 2023 reveals that customers lost ₦17.67 billion across 95,630 cases, with the highest loss of ₦3.76 billion occurring in October 2023

Source:

Nigeria Inter-Bank Settlement System

Period:

2023
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