The Central Bank of Nigeria (CBN) has fined financial giant, Access Bank the sum of N35 Million for “antimoney laundering, combating the financing of terrorism and countering proliferation financing (aml/cft/cpf) risk-based examination for the period May 1, 2024 to April 30, 2025”
This was revealed in the company’s 2025 results released some days ago.
This particular fine is part of the bank’s various infractions for the period under review.
It would be recalled that this publication reported that Access Bank lost N1.236 billion to fraud in 2025.
In the report, the financial giant, under the chairmanship of Aig-Imoukhuede, recorded 5,981 successful fraud incidents in 2025 alone, with N3.17 billion involved. However, the actual loss was N1.236 billion.
The single largest category was fraudulent account transfers, which alone accounted for N587.8 million in confirmed losses.
The most frequent fraud category was electronic and USSD fraud, with 5,931 successful cases recorded in 2025 alone. Actual losses from this category reached N465 million.
