Nigeria: Apprehension Over N6.1 Trillion Loss to E-Fraud As Annual E-Payment Transactions Hit N97 Trillion

16 November 2018

Experts have raised alarm over the threat of major fraud crisis in banks following N6.1 trillion losses to electronic fraud in Nigeria.

This came with the rising trend in electronic payment transactions which rose to N97 trillion in 2017 buoyed by various policy measures to use digital channels to facilitate financial inclusion in the country.

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