Banks lost N2.2bn to electronic fraud in 2016, CBN says

The Central Bank of Nigeria (CBN) has said the Nigeria InterBank Settlement System (NIBSS) recorded over 1,200 per cent increase in  reported fraud cases in 2016, estimated at N2.19 billion when compared to 2014 cases.
According to ‘Dipo Fatokun, CBN’s Director, Banking and Payments System…Banks lost N2.2bn to electronic fraud in 2016, CBN says

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s