Oluwatosin Adeniyi

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A woman takes Nigerian Naira from an ATM in Lagos. ATM fraud is the most common in the country. Akintunde Akinleye/Reuters

Banking fraud is costing the Nigerian economy dearly

Oludayo Tade, University of Ibadan and Oluwatosin Adeniyi, University of Ibadan

Rampant e-fraud in Nigeria’s banking system is making it hard to persuade more people to open bank accounts. It points to the urgent need for better governance and financial literacy education.

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