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Nigerians lose N12.5 billion to digital fraud in four years

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Nigerians lose N12.5 billion to digital fraud in four years

24 Mar, 2026

Despite investments, enlightenment, and various regulations aimed at slowing down telecom-related frauds, data showed that Nigerians lost approximately N12.5 billion to scams within four years (2019 to January 2023). Within the period, the global community suffered over $38.95 billion in losses. This was revealed by PwC, which quoted the Nigerian Communications Commission (NCC) for the country’s figure.............….......READ MORE