Banks Lost N3.3Bn to Fraud in Q1 of 2025 – FITC

Nigeriacommunicationsweek | 15-11-2025 12:18pm |

Nigerian Banks have recorded a N3.3 billion loss to fraudulent activities during the first quarter of 2025, a 603% year-on-year (YoY) increase from N468 million in the first quarter of 2024, according to The Financial Institutions Training Centre (FITC). This is contained in a September 2025 report by FITC. In its methodologies, FITC received 73 fraud

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.