10 banks lost N10.5bn to fraud cases in one year says NDIC
By Ten top deposit money banks lost a total of N10.5 billion to fraud and forgery incidences in 2017 according the annual report of the Nigeria Deposit Insurance Corporation (NDIC). The loss represents 38.05 percent compared to N7.6 billion lost in 2016. This implies that these 10 out of 24 banks accounted for 87.63 percent…
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