EFCC reveals Bank Fraud caused by ICT Employees.

Written by on November 25, 2021

The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees.

Head, Cybercrime Section of the EFCC, who represented the EFCC chairman, Mr Abdulrasheed Bawa, at the seminar Mr Abbah Sambo, made the declaration at a national seminar on Banking and Allied Matters for judges.

He said that most banking sector fraud handled by the commission showed that bank employees aided the acts.

Sambo also expressed regret at the increasing rate of cybercrime in spite of the best efforts by the commission to tackle it.

He stressed the need for adequate sensitisation and engagement with youths, especially from secondary school level to let them know the ills of crime.

The two-day seminar was organised by the Chartered Institute of Bankers of Nigeria in collaboration with the National Judicial Institute.

Seun Fakorede


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