Banking Fraud: Nigerian Banks, Customers Lose N134bn – CBN

Banking Fraud: Nigerian Banks, Customers Lose N134bn – CBN

Nigerian banks and customers lost N134bn to banking fraud between 2020-2025, CBN reports. Learn about the rising digital payment risks and fraud trends. Read More: https://punchng.com/fraudsters-rake-in-n134bn-from-banks-customers-cbn/

Fraudsters Rake In ₦134bn From Banks, Customers

Nigerian banks and their customers lost a combined ₦134.48 billion to fraud between 2020 and 2025, according to figures contained in the Central Bank of Nigeria’s Nigeria Payments System Vision 2028 document. The report highlights the growing risks facing Nigeria’s rapidly expanding digital payments ecosystem. The CBN disclosed that fraudsters attempted to steal ₦187.79 billion during the six-year period, with actual losses amounting to ₦134.48 …

Nigerian Banks Lost Over N134 Billion to Fraud in Six Years, CBN Data Shows

Nigerian bank customers lost a combined N134.48 billion to fraud between 2020 and 2025, according to figures contained in the Central Bank of Nigeria’s newly released Nigeria Payments System Vision 2028 document. The figure represents successful fraud across nearly every major banking channel in the country, from ATMs and point of sale terminals to internet … The post How Nigerian Bank Customers Lost N134.48 Billion to Fraud Between 2020 and 202…

CBN exposes massive banking fraud as N134bn disappears across ATMs, apps, PoS and more in 5 years

Nigeria's banks and customers lost N134.48bn to fraud from 2020 to 2025. Digital channels saw a surge, peaking in 2024, before improving significantly in 2025.

Bank customers lose N134.48 billion to fraud in six years – CBN

Nigeria’s bank customers lost a cumulative N134.48 billion to fraud between 2020 and 2025, according to data contained in the Central Bank of Nigeria’s recently released Nigeria Payments System Vision 2028 document. The post Bank customers lose N134.48 billion to fraud in six years – CBN appeared first on Nairametrics.

Electronic payments boom triggers N134.48bn fraud losses in six years

A sharp rise in electronic transactions across the financial system has come with a heavy downside, as banks and customers lost N134.48 billion to confirmed fraud between 2020 and 2025. Fresh data from the Central Bank of Nigeria (CBN) shows that the financial sector is grappling with rising fraud losses even as digital payments continue […] The post Electronic payments boom triggers N134.48bn fraud losses in six years  appeared first on Busines…