Tags: NDIC Says Banks’ fraud

NDIC Says Banks’ fraud, forgeries increases by ₦3.33bn to close at ₦12.01bn in 2017 from ₦8.68bn in 2016

The Nigeria Deposit Insurance Corporation (NDIC) reported that the 286 responses received from banks in 2017 cited 26,182 cases of fraud and forgeries which is 56.30% higher compared to 16,751 cases reported in 2016. The report further said similarly, the amount involved in the fraudulent activities documented increased by ₦3.33 billion from the ₦8.68 billion…