40% of graduates go to the banking sector to defraud – Cal Bank MD

Company News of Friday, May 31, 2019

Source: ghanacrusader.com

2019-05-31

Cal Bank CEO Frank Brako Adu has made an overwhelming revelation, saying that 40% of graduates entering the banking and financial sector intend to defraud institutions for quick cash flow.

The CEO said his figures are the result of a recent research.

Speaking in TV3's monthly show, Time With The Captains, he stated that "there is actually a report, a research done and 40% of all new graduates who go in. banks, cashier jobs, etc. " intent to defraud the institution. "

He added that there was every day a lot of fraud in the banks, the worst being in the cyber regime.

According to the Ghana Police Cybercrime Unit, Ghana lost $ 229.9 million in cybercrime between August 2016 and August 2018.

Dr. Herbert Gustave Yankson, Chief of Cybercrime in the Criminal Investigation Department (CID) of the Ghana Police Service, revealed that $ 28 million, or 40% of cybercrime-related losses in 2017, were are stolen from the banks.

In addition, Mr. Joe France, Director of Financial Stability at the Bank of Ghana (BoG), also said that over 90% of fraud cases in the banking sector were badociated with employees.

According to him, investigations revealed that some of the bank staff had organized most of these frauds and urged bank management to be wary of the people recruited and to carry out the necessary checks before using them.

He lamented the state of corruption in the country and called for concerted action to combat the chancre.

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