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NDIC: Nigerian banks lost N264 5 billion to fraudsters in four years

NIBSS to launch QR code payment system Monday

NIBSS to launch QR code payment system Monday
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NDIC: Banks lose over N5 billion to fraudsters in 9 months

Banks lose over N5bn to fraudsters in 9 months — NDIC

Vanguard News Banks lose over N5bn to fraudsters in 9 months NDIC On MONEY MARKET The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system. Speaking at the annual capacity building programme for law enforcement agencies in Lagos yesterday, NDIC’s Executive Director, Corporate Services, Mrs Omotola Abiola-Edewor, said there has been an increase in the volume of fraud cases in banks in recent years. READ ALSO She added that such crimes are capable of causing irreversible damage to the stability of the banking system.

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