This study provides the banking industry, banking public and investors with critical pointers on how to reduce fraud......
was lost to bank fraud in 2018. About 60% of the fraud was perpetrated online owing to available internet-based and tech-rated banking services.investigated dimensions of electronic fraud in Nigeria. We found three: internal fraud carried out by banking staff; external fraud carried out by ordinary Nigerians; and collaboration between fraudsters and banking staff.
Our study provides the banking industry, banking public and investors with critical pointers on how to reduce fraud.Our study involved collecting data as well as conducting interviews with 30 people. These included victims of bank fraud, bank customers who did not subscribe to the cashless policy and fraud detectives at the Economic and Financial Crimes Commission .By insider, we mean those working with banks or those in a relationship with account holders.
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