Nigeria’s banking sector lost N56.4bn to fraud in 4 years –Report
Nigeria’s banking sector lost N56.4 billion to fraud over a period of four years, according to a report by SB Morgen (SBM) Intelligence, a geopolitical research firm. The report revealed an 83% increase in the amount lost to fraud between 2020 and 2023. According to the research firm, the banking sector lost N11.61 billion in…