See how fraudsters swept N43bn from Nigerian Banks 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.
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 tools that…
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