How Nigeria loses billlions in bank fraud and other financial crimes? #dwafrica #dwafricalinkpodcast

Fraudsters are on the loose in Nigeria where banks are targets in fraudulent financial crimes that have affected the country, individuals, and companies negatively. In 2024, Nigeria lost N52.3 billion ($34m) to fraudsters and fraudulent bank transactions. Financial crimes were committed by scammers commonly known as Yahoo Boys but now have taken a new dimension involving foreigners, like Indians, Pakistanis, and Chinese, among others. DW’s Eddy Micah Jr. speaks to Aminu Philip, a retired Banker, and Ben Adam Shemang in Abuja. #dwafrica #dwafricalinkpodcast #nigeria

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