Banks lost N42.33bn to fraud in six months — Report

Banks in Nigeria have reported a staggering N42.33bn in fraud-related losses over the first two quarters of 2024, with increases recorded across multiple payment channels, except mobile fraud. According to data from the Financial Institutions Training Centre in its Q1 and Q2 2024 Fraud and Forgeries report, the losses, which spiked across all channels except

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