Lagos - Bank customers and banks lost as much as N3.8 billion within six months due to fraud perpetrated by bank officials, reports People Daily.
According to figures from the Central Bank of Nigeria (CBN), the amount stolen by bankers from their customers increased by a whopping 60.8 percent to N3.8 billion in the first half of 2013 compared to the N2.5 billion stolen in the corresponding period of 2012.
The data also indicated that there were 2 478 reported cases of fraud and forgery during the period compared to the 2 300 recorded cases in the corresponding period of 2012.
The frauds were carried out through diverse means including fraudulent withdrawals from customers’ accounts, suppression and conversion of customers’ deposits, theft, illegal funds transfer, cheque defalcations, and fraudulent ATM withdrawals.
Read more at People Daily.
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