Technext· 1h ago· 1 min read
Nigeria’s reported losses from digital payment fraud may have decreased significantly in 2025. However, criminals are becoming increasingly sophisticated, and the use of artificial intelligence is making their attacks more damaging. This information comes from a new report released by the compliance platform Adhere in partnership with TechCabal .
The report titled “The Compliance Reckoning” was unveiled at the Trust Frontier forum held in Lagos on Friday. Regulators, banks, fintech executives, and law enforcement agencies gathered to discuss the future of preventing financial crime.
The report shows that losses from digital payment fraud fell from ₦52.26 billion in 2024 to ₦25.85 billion in 2025. At first, this looks like good news. However, the report warns that the drop does not necessarily mean that financial crime is decreasing.
Fraud attacks are becoming more targeted and…
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