CBN says bank customers may lose up to N6.1 trillion to electronic fraud by 2021.

Godwin Emefiele, Governor of the Central Bank of Nigeria,
during a biometric exercise (Technology Times)

Sunday Salam-Alada, CBN director, says the volume and value of e-transactions are projected to continue to increase nationally and globally.

Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021.

This implies that in 3 years time, bank customers across the country may lose more than N6 trillion to various e-fraud.

Sunday Salam-Alada, Director, Consumer Protection Department, disclosed this in Benin,  at a workshop organised for Business Editors and Finance Correspondents, organised by Nigeria Deposit Insurance Corporation (NDIC).

By Aderemi Ojekunle.

Full story at Pulse NG.