Experts link rising bank fraud to weak controls, poverty

FINANCIAL sector experts have blamed the rising incidences of insider-related fraud cases in banks on poverty and weak internal control measures in banks. Recall that the Nigeria Deposit Insurance Corporation, NDIC, in a recent statement disclosed that fraud cases attributed to internal abuse by banks’ staff rose by 39 percent to 320 in 2017 from 231 in 2016.

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source https://www.vanguardngr.com/2018/06/experts-link-rising-bank-fraud-weak-controls-poverty/