Banks Lose N134 Billion To Fraud – CBN

Banks Lose N134 Billion To Fraud – CBN

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The Central Bank of Nigeria Central Bank of Nigeria has revealed that fraudsters stole about N134 billion from banks and customers across the country between 2020 and 2025.

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The figure covers various forms of financial fraud recorded within the banking sector over the five-year period, affecting both financial institutions and individual account holders.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

The disclosure points to growing concerns over electronic banking fraud, identity theft and other cyber-related crimes targeting Nigeria’s financial system.

Authorities say efforts are ongoing to strengthen security systems across banks and reduce the rate of financial losses linked to fraudulent activities.