Banks Lose N42.6bn To Fraud In Q2 – Agents …C0NTINUE READING HERE >>>
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) on Thursday said Nigerian Banks lost N42.6 billion to fraudsters in Nigeria within the second quarter of 2024.
AMMBAN national president, Fasasi Sarafadeen Atanda quoting Financial Institutions Training Center (FITC) said the losses were traced to agent locations through the use of stolen cards, phones, fake alerts and ransom cash out.
Atanda, who made the disclosure at the 8th Annual National Conference of AMMBAN in Benin City, Edo State with the theme “Match Data With Actions” said that to stem the…
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