According to the Chartered Institute of Forensic and Investigative Auditors of Nigeria, CIFIAN, over N25 billion cyber fraud have been recorded in the nation’s financial institution in the last five years.
The Pro-tem President of CIFIAN, Dr Victoria Enape, disclosed this, during the induction ceremony of about 120 members in Abuja. She expressed concern over the increased volume of financial frauds in the country.
She said CIFIAN was worried about the development, which is harmful to the development of any country, warning that if nothing is done about it now, the future generation will have nothing to fall back on.
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