Lagos - Nigerian banks lose 2.4% of their revenues to forgery and fraud cases.
Interestingly, most of these fraud cases are carried out in collusion with bank officials, reports OGTV.
Adebayo Adelabu, Central Bank of Nigeria's Deputy Governor, Financial Systems Stability, said the most common form of fraud in banks involves internal collusion between staff with authorised access to critical information conniving with outsiders to defraud the banks.
Read more at OGTV.
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