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Nigeria’s Banking Fraud Losses Nearly Triple in Five Years Amid Rising Digital Transactions

by Adetoun Tade February 27, 2025

by Adetoun Tade February 27, 2025

Fraud-related losses in Nigeria’s banking sector have nearly tripled over the past five years, according to a report by the Nigeria Inter-Bank Settlement System (NIBSS). The analysis revealed that financial …

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cybercrime Nigeria

Nigeria’s Banking Fraud Losses Nearly Triple in Five Years Amid Rising Digital Transactions