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/

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.

Inside CBN’s PSV 2028: The ₦134.48bn Fraud Bill Shocking Nigeria’s Banking Sector - Tech

Nigerian financial institutions successfully blocked roughly ₦53 billion in fraudulent transactions over a six-year period, but it wasn’t enough to stop the bleeding. Newly released data from the Central Bank of Nigeria (CBN) reveals that out of ₦187.79 billion in attempted fraud between 2020 and 2025, actual losses hit a crushing ₦134.48 billion. According to a document on CBN’s website, attempted fraud across the banking and payments ecosystem…

Banks, customers lose N134bn to fraud

The losses were spread across a wide range of transaction channels, including over-the-counter banking, Automated Teller Machines, cheques, e-commerce platforms, internet banking services, mobile banking applications, Point of Sale terminals and other electronic payment systems. The figures underscore the growing risks associated with Nigeria's rapidly expanding digital payments landscape.

Banks Lost N134bn to Fraudsters - CBN - Economi Confidential

Banks Lost N134bn to Fraudsters – CBN Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according to data contained in the Central Bank of Nigeria’s Nigeria Payments System Vision 2028 document. The document, obtained by […] The post Banks Lost N134bn to Fraudsters – CBN appeared first on Economi Confidential.