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Exclusive: Interswitch loses ₦30 billion to chargeback fraud, begins recovery

Interswitch, the African payments and infrastructure giant, has lost as much as ₦30 billion after a system glitch allowed some merchants to

Nigeria
Nigerian
Mitchell-elegbe
Hakeem-lawal
Brett-king
John-chaplin
Financial-crimes-commission
Financial-institutions-training-centre

Fraudsters steal over ₦5 billion from 3 fintechs in 8 months

The increased activities of hackers and fraudsters have led to a cumulative loss of about ₦5 billion by three Nigerian Fintechs in the space of eight months. | Pulse Nigeria

Nigeria
Nigerian
Darlington-onyeagoro
Hanu-fejiro
Financial-institutions-training-centre
Chief-executive-officer
Forgeries-report

Banks record 117% increase in customers' complaints

The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from 3,156,704 complaints as of the same period in 2022, The PUNCH can report.

Nigeria
Lagos
Nigerian
Nigerians
Uju-ogubunka
Chizor-malize
Access-holdings
Fidelity-bank
Guaranty-trust-holding-company
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Financial-institutions-training-centre
Bank-customers-association-of-nigeria

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