313 bankers stole N53b in one year, says NDIC – The Nation
November 13, 2009 by Bunmi Awolusi
Banks lost N53billion to fraudulent workers last year, the Nigerian Deposit Insurance Corporation (NDIC) said yesterday.
The fraud was more prevalent in 10 banks, involving 313 workers. The banks lost N34.14billion, which is 64.11 per cent of the total money involved.
In 2007, N2.59billion or 25.93 was lost.
In its 2008 yearly report released in Abuja, NDIC lamented the high fraud rate.
It said of the cash stolen, those not fully covered by the Fidelity Insurance Bond (FIB) and those with low probability of recovery were in excess of N17billion.
According to NDIC, the 313 workers represent 14.65 per cent increase over 273 workers involved in fraud and forgeries in 2007.
