The United States and South Africa have topped Nigeria on the global employment fraud list.
The above record was according to a new study by proxy network distributor, Proxyrack.
According to Proxtrack, behind the United States reported six hundred and twenty-five cases, the most globally, while South Africa is second with one hundred and eighty-eight followed by Nigeria with sixty-one cases.
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In its Industrial Fraud Index report, the data firm stated global losses across employment sectors alone will reach over three billion dollars ($3.6b) by 2022, due to a dramatic increase in fraudulent activity in recent years.
Fraud cases recorded in Nigeria were linked to the banking sector, the report said, adding that the transport and warehousing sector topped the list of sectors with the highest increase in fraud cases globally.
The research said:
“Completing this top three list of the countries with the highest number of fraudulent cases is Nigeria. Located in West Africa, this country has seen its fair share of fraud in the last year, totalling 61 cases throughout 2022. Similarly to the second-place entry on this list, the most reported cases of fraud in this country are related to banking fraud in which scammers attempt to make some quick cash.
“There has been a 20.59% increase in fraud cases between 2016 and 2022; common types of fraud in the industry include falsifying delivery documents and posing as an authentic carrier to help assist criminals in stealing cargo loads.
“The real estate industry is losing the most money as a result of fraud, with a 117.50% change in financial losses since 2016.
“64% of all fraud cases in the energy industry are as a result of corruption, followed by the manufacturing industry (59%) and the transportation and warehousing industry (59%).”
