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Banks lose over N5bn to fraudsters in 9 months — NDIC


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Banks lose over N5bn to fraudsters in 9 months NDIC
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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.
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She added that such crimes are capable of causing irreversible damage to the stability of the banking system. ....

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