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Deposit Money Banks, DMBs, reported a total of 12,279 fraud cases in 2015, representing an increase of 15.71% over the 10,612 fraud cases recorded in 2014.
However, the amount involved decreased significantly by N7.59 billion or 29.63% from N25.608 billion in 2014 to N18.021 billion in 2015.
Similarly, the actual loss suffered by the insured banks decreased by N3.02 billion or 48.79% from N6.19 billion in 2014 to N3.17 billion in 2015.
These disclosures are contained in the Nigeria Deposit Insurance Corporation, NDIC, 2015 Annual Report released in Abuja, yesterday.
Some of the highlights of the report say the actual loss sustained in respect of internet banking fraud was N857 million, representing 27% of total actual loss of the industry.
Also, there was an increase in the frequency of ATM/Card-Related Fraud cases from 7,181 in 2014 to 8,039 in 2015, an increase of 11.95%.



More: http://nigerianpilot.com/banks-record-12279-fraud-cases-lose-n18-021bn/