How Nigerian Banks lose N43bn to fraud in 91 days …C0NTINUE READING HERE >>>
The Financial Institutions Training Centre (FITC) has revealed that a whopping N42.6 billion was lost to frauds within the second quarter, (April -June) of 2024.
The FITC, in its Q2 2024 Fraud and Forgeries report just released, noted that the development is worrisome.
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With the staggering increase in losses to fraud, the Centre advised the banks to enhance their monitoring and auditing procedures.
According to the FITC, deposit money institutions can utilize AI-driven…
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