Bank Fraud Analyst salary in Nigeria

Average Yearly Salary of Bank Fraud Analyst in Nigeria is approximately 7,017,248 NGN (8,429 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Fraud Analyst do?

A bank fraud analyst is responsible for detecting, investigating, and preventing fraudulent activities within the banking industry. They analyze financial transactions, customer accounts, and other data to identify patterns or anomalies that may indicate potential fraud. They work closely with law enforcement agencies, internal audit teams, and other stakeholders to gather evidence and build cases against fraudsters. Bank fraud analysts also develop and implement strategies to mitigate risks associated with fraud, such as improving security systems and procedures. They stay updated on the latest fraud trends and technologies to proactively identify new threats and recommend appropriate countermeasures. Strong analytical skills, attention to detail, and knowledge of banking regulations are essential for success in this role.

Skills: Bank fraud, Fraud detection, Risk mitigation, Financial analysis, Investigative skills, Banking regulations
Job industry: Banking

How much does Bank Fraud Analyst make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Bank Fraud Analyst a well paid job?

Yes, our data shows that Bank Fraud Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Bank Fraud Analyst?

High salary for Bank Fraud Analyst would be somewhere between 7,718,973 NGN and 10,175,010 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Fraud Analyst in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 7,017,248 NGN
Estimated Monthly Salary: 584,771 NGN
Estimated Weekly Salary: 134,947 NGN per week
Estimated Hourly Salary: 3,374 NGN per hour
By working as Bank Fraud Analyst a person can save up to 497 USD per month or 5,962 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Fraud Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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