Zenith Bank Customer Cries Out After Over 800k Was Withdrawn From His Account

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News- Zenith bank customer looses over 800k on unauthorized transactions.

Fraud remains a common problem with financial transactions in Nigeria and it seems as if Nigeria financial service providers are helpless as more customers continue to suffer loss of their hard earned money to fraudsters.

A final year pharmacy student, Mr.  Hillary Chukwuemeka Asobara who recently suffered a huge loss in his Zenith bank account has taken to social media to seek solution. 

The young man explained how he received several debit alerts for unauthorized transactions to "Kingspay PTSK" which swept his account clean of over 800k.

See tweets below

The issue of fraud definitely poses threat to the success of fintech but what's the way forward? Are banks spending less on finacial security or is this issue of fraud so overwhelming and hopeless? How are security agencies supporting recovery? Are regulatory policies effective in this clime? Too many questions begging for answers.