“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
- Sultan calls for freedom to practise Islam without compulsion
- Stakeholders urge FG to cut farm production costs
- FG urged to prioritise infrastructure, R&D, local tech ownership
- Nigeria third in global youth well-being survey
- NEMA boosts flood response with USAR training
- SFPD targets 70,000 unimmunised children in Sokoto
- EEDC, NSE partner on capacity building, tech innovation
- NTCA urges govt to reject tobacco Industry CSR projects
