N8.68bn frauds per­pe­trated by bank work­ers in 2016

Daily Trust - - BUSINESS - From Kay­ode Ekun­dayo, La­gos

The man­age­ment of Nige­rian De­posit In­sur­ance Com­pany (NDIC) said a to­tal sum ofN8.68 bil­lion were ei­ther stolen, re­ported as cases of frauds or forg­eries and out­right theft in­volv­ing bank staff in 2016.

The fig­ure is said to even de­cline 48.12 per cent from N18.02bn recorded in 2015 while the ac­tual losses to the na­tion’s bank­ing in­dus­try dropped by 24.29 per cent from N3.17bn in 2015 to N2.40bn in 2016.

The NDIC Manag­ing Direc­tor/Chief Ex­ec­u­tive, Al­haji Umaru Ibrahim, who dis­closed this dis­clo­sure while de­liv­er­ing a lec­ture: “The Role of in Mit­i­gat­ing Cor­rup­tion in the Nige­rian Banks” at the gen­eral meet­ing of the Abuja Chap­ter of the Alumni As­so­ci­a­tion of the Na­tional In­sti­tute (AANI) said the level of at­tempted cases of frauds and forg­eries de­clined by N0.329bn or 11.94 per cent from N2.756bn in March 2017 to N2.427bn in June 2017 ad­ding that the na­tion’s bank­ing in­dus­try recorded a de­cline in the rate of suc­cess­ful fraud in­ci­dences and ex­tent of amount of losses in 2016, com­pared to 2015.

He said re­ported cases of fraud and forg­eries rose by 36.42 per cent from 12,279 cases in 2015 to 16,751 cases in 2016.

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