Wema Bank, a Nigerian financial institution, faced significant financial setbacks due to incidents of fraud and forgery, which accounted for a loss of approximately 685 million Naira (equating to $594,943 USD) in the year 2023. The fraudulent activities were primarily executed through digital platforms and involved third-party payment and collection services. In response to these … Continue reading Wema Bank incurs $595,000 loss to fraudulent activities in 2023, initiates campaign to combat fraud