In the past ten years, Nigerian bank clients have lost ₦45 billion due to fraud and forgery

Over the past ten years, there has been a rising trend of fraud and forgery cases in Nigerian banks. Although there was an 88% increase in reported cases in 2021, there was a 27% decrease in 2022, resulting in a 221% increase in financial losses of ₦9.5 billion.

Source:

Financial Institutions Training Centre

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Period:

2023 - 2022

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Key Takeaways:

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