The Nigerian Bankers Committee, which includes the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation, and all licensed banks in Nigeria, includes FITC institutional members. However, the statistics revealed a decrease in losses as compared to what was lost due to fraudulent financial operations in Q4, 2022.
According to FITC, a total of N3.18 billion was lost to fraudsters across financial systems in Q4 2022, representing an 85.13% decrease in losses in Q1 2023. According to FITC statistics, the total amount involved in fraud cases decreased by 79.44% in Q1 2023 compared to the previous quarter, falling from N12.58bn to N2.59bn.
Read more: https://www.investingport.com/fraudsters-stole-n472m-from-bank-customers-in-three-months-fitc/
According to FITC, a total of N3.18 billion was lost to fraudsters across financial systems in Q4 2022, representing an 85.13% decrease in losses in Q1 2023. According to FITC statistics, the total amount involved in fraud cases decreased by 79.44% in Q1 2023 compared to the previous quarter, falling from N12.58bn to N2.59bn.
Read more: https://www.investingport.com/fraudsters-stole-n472m-from-bank-customers-in-three-months-fitc/