FITC urges Nigerian banks to enhance auditing procedures to tackle N42.6bn loss to fraud

FITC collaborates with NIBSS to tackle fraud in the financial services sector

The Financial Institution Training Centre (FITC) of Nigeria has urged Nigerian banks to enhance monitoring and auditing procedures to tackle the N42.6 billion loss to fraud in the second quarter of 2024. This was disclosed in its latest report on Fraud and Forgeries in Nigerian Banks noting that

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