Fraudsters Stole N134.48 Billion from Nigerian Banks and Customers in Six Years, CBN Reveals
Nigeria’s banking sector and its customers lost a staggering N134.48 billion to fraud between 2020 and 2025, according to new data released by the Central Bank of Nigeria (CBN), highlighting the growing security challenges accompanying the country’s rapid shift toward digital payments. The figures were contained in the CBN’s Nigeria Payments System Vision 2028 document,…
