“Fraudulent transfers, withdrawals, and reactivation caused 80% of the loss, followed closely by embezzlement at 29%, which included cash theft, dry posting, cash theft, as well as electronic fraud, and USSD (9%),” the report indicates.
Trending
- WDoR: WHO, UN call for more action on road safety
- Groups back NAFDAC’s ban on sachet alcohol
- PETAN urges Africa to adopt Nigeria’s local content model
- Lagos residents lament irregular waste collection
- Taraba records sharp drop in grain, yam, garri prices
- NCH convenes in Calabar to shape Nigeria’s health policies
- Health reform aimed at saving lives, reducing pains – Minister
- NMA seeks more Dental Faculties Nationwide
