Nigerian banks have serious concerns on address especially with the Kokoro eating the Efo staying within.

Their workers seem to be helping themselves the more with their depositors’ money.

This revelation is contained in a report published by Nigeria Deposit Insurance Corporation, NDIC – a body charged with the task of protecting depositors’ money.

NDIC said the number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017.

Head, Communications and Public Affairs of NDIC, Mr Mohammed Ibrahim said in a statement in Abuja on Sunday that the figure was in the organisation’s recent report on off-site supervision of the Deposit Money Banks.

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“The report relied on a total of 286 responses received from 26 banks during the period.

“The 286 responses received from banks in 2017 cited 26,182 cases of fraud and forgeries which is 56.30% higher compared to 16,751 cases reported in 2016.

“Similarly, the amount involved in the fraudulent activities documented increased by 3.33 billion naira from the 8.68 billion naira reported in 2016 to 12.01 billion naira in 2017 or 38%.”

However, the statement notes that “the expected/actual loss slightly-decreased by 24.42 million naira or 1.03% from 2.39 billion naira in 2016 to 2.37 billion naira in 2017.”

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