The Nigeria Inter-Bank Settlement System (NIBSS) reported a loss of approximately N9.5 billion in the banking sector in 2023. Premier Owoih, the Managing Director of NIBSS, disclosed this during the third-quarter meeting of the Nigeria Electronic Fraud Forum (NeFF) held in Lagos. Addressing the escalating issue of electronic fraud within the nation’s financial landscape, particularly […]

read more Nigeria’s banking sector loses ₦9.5 billion to electronic fraud

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