Nigerians lose ₦42 billion to POS and mobile fraud …C0NTINUE READING HERE >>>
A staggering ₦42 billion was lost to fraudulent activities involving point-of-sale (POS), mobile phone, and computer systems in Nigeria between April and June 2024.
This revelation was made in a recent fraud report released by the Financial Institutions Training Centre (FITC).
The report, covering the second quarter of 2024, recorded a total of 11,532 fraud cases.
“Computer/web fraud, mobile fraud, and POS-related fraud were the three most prevalent types, continuing the trend observed…
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