Tag Archives: Financial Institutions Training Centre

IN the second quarter of 2024, Nigerian banks dismissed 49 employees involved in fraudulent activities, reflecting a sharp 40 percent increase compared to the 35 terminations recorded in the first quarter of the year. The alarming data, detailed in the Financial Institutions Training Centre (FITC) report, has brought to light …

NIGERIAN commercial banks lost a total of N42.6 billion to fraud and forgeries over the three months from April to June 2024. The Financial Institutions Training Centre (FITC) disclosed this in its Q2 2024 Fraud and Forgeries report, released on Saturday. The report, based on returns on fraud and forgery …