Deutsche Welle AfricaLink

How Nigeria loses billlions in bank fraud and financial crimes

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In 2024, Nigeria lost 52.3 billion naira (about 32 million Euros) to fraudsters and fraudulent bank transactions. Before, scammers known as the "Yahoo Boys" plagued Nigerian financial institutions. Recently fraud in Nigeria has increasingly taken on an international dimension - but how has this evolved? Host Eddy Micah Jr. speaks to retired banker Aminu Philip, and DW's Ben Adam Shemang in Abuja.
6 Mar English Germany News

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