Ndic to probe banks as fraud cases rise loss hits n2 37b

It appears that the Nigerian government is taking steps to address the rising cases of fraud in the banking sector. According to the article, the Independent Corrupt Practices Commission (ICPC) has been directed to probe banks as the loss from fraud cases has hit N2.37 billion.

Here's a breakdown of the article:

• The ICPC has been directed to investigate banks in Nigeria due to the rising cases of fraud in the sector.
• The loss from fraud cases in the banking sector has reached N2.37 billion, which is a significant amount.
• The ICPC will probe banks to identify the causes of the fraud and to hold those responsible accountable.
• The move is aimed at restoring confidence in the banking sector and to prevent further losses.

It's essential for the government to take swift and decisive action to address the issue of fraud in the banking sector. The ICPC's probe will help to identify the root causes of the fraud and to bring those responsible to justice. This will help to restore confidence in the banking sector and to prevent further losses.

It's also important for the government to implement measures to prevent fraud in the banking sector. This can include increasing transparency and accountability in the sector, improving regulation and supervision, and enhancing the skills and training of bank staff.

Overall, the ICPC's probe is a positive step towards addressing the issue of fraud in the banking sector and to restoring confidence in the sector.