CBN Raises Alarm Over 45% Surge in Financial Fraud, Blames Crypto Platforms and Digital Channels

The Central Bank of Nigeria (CBN) has warned of a significant surge in financial fraud across the country, revealing that reported fraud cases rose by 45% within one year, with over 70% of the losses traced to digital financial channels, particularly unregulated virtual asset platforms. CBN Governor Olayemi Cardoso, represented by Deputy Governor for Economic [...]The post CBN Raises Alarm Over 45% Surge in Financial Fraud, Blames Crypto Platforms and Digital Channels appeared first on Tekedia.

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