Tuesday, November 6, 2018

Banks Lost N12bn To Robbery, Fraud In 6 Months

Losses recorded by banks from armed robbery cases and other criminal activities perpetrated by members of staff and non-staff members of lending institutions rose to N12bn in six months.

Figures obtained from the Central Bank of Nigeria stated that the attempted fraud and forgery cases, which were, however, not successful, stood at a figure of N7.99bn between January and June 2018.

The CBN said that there was a staggering rise in the reported cases of such incidences from 16,762 in the first half of the financial year of 2017 to 20,768 in the corresponding period of 2018.