Corporate Nigeria at risk: Weak internal controls driving multi-million naira fraud

    Prisca Ndu | Insights | May 06, 2026    
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Fifty-two billion, two hundred and sixty million naira vanished from Nigerian banks last year alone. This figure is up from seventeen billion, six hundred and seventy million just twelve months before, the number jumps sharply - almost tripling in size. Across companies nationwide, sneaky money tricks climbed thirty-two out of every hundred cases compared to prior reports.

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