Fraud perpetrated by bank staff on the rise, FITC reports

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Termed insider fraud, fraud perpetrated by bank staff in Nigeria on the rise, according to the report by FITC.

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Financial Institution Training Centre (FITC) is worried by the rising involvement of bank workers in fraud cases in Nigeria. It said that such bank staff are taking undue advantage of their access to defraud bank customers.

The report, which gave insights into fraudulent activities in Nigerian banks between April and June 2022, showed that 19 em…

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