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| NDIC Head Office, Abuja |
NDIC
SAYS BANKS RECORDED N12 BILLION FRAUD IN 2017
By Dickson Gupiya
19th
March, 2018
Even
with serious attempts to cover up staff people trated fraud and forgery cases,
the Nigeria Deposit Insurance Corporation (NDIC) said it discovered such cases worth
N12.1billion in 2017.
NDIC has therefore, promised to investigate
some banks for inadequate rendition of returns to the corporation on instances
of fraud, forgeries and cases involving members of their staff who were either dismissed
or had their appointments terminated on grounds of fraudulent activities.
The organization made the decision in the
light of the most recent report from its off-site supervision of deposit money
banks (DMBS), which revealed the number of fraud cases, attributed to internal
abuse by staff of banks increased from 231 in 2016 to 320 in 2017 or 38.53
percent above the figure reported for the previous year.
Section 35 and 36 of the NDIC Act No. 16 of
2006 (as amended) requires all DMBs to submit monthly information/returns on
fraud and forgeries to the corporation.
A statement from NDIC
stated that the report relied on a total of 286 responses received form 26
banks during the period. There were 22 NIL monthly responses from the banks as
at year ended December 31, 2017.
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BOOKS
ESCAPE FROM TERROR
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BOOKS
ESCAPE FROM TERROR
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