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Nigerian Deposit Money Banks

E-payment fraud as major impediment to Nigeria’s economy

fraud

Recent news that Nigerian Deposit Money Banks (DMBs), lost as much as N2.19 billion to fraudsters through electronic channels, otherwise called e-payments, or e-banking in 2016 fiscal year, is an indication that all is still not well with the security of electronic payment system in the country. Of the amount lost to e-payment fraud, across […]