Nigeria’s Central Bank has ordered banks and other financial institutions to deploy automated anti-money laundering (AML) systems and submit implementation roadmaps within 90 days of a new circular issued on 10 March 2026, media outlet Condia reported. The rules target rising digital transaction volumes and aim to tighten monitoring of suspicious activity across the financial…
A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April 9 that a Nigerian man has been charged…
Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment aims to drive financial inclusion and support SME growth across the continent. Moniepoint processes over 1 billion transactions monthly,…
Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and several other foreign nationals, were caught during a surprise raid at an imposing seven-story structure known as Big Leaf in the affluent Victoria…
Tigran Gambaryan, ein hochrangiger Manager bei Binance, sitzt seit Februar in Nigeria in Haft. Trotz mehrfacher Versuche, seine Freilassung zu erreichen, wurde sein Antrag auf Kaution kürzlich von den nigerianischen Behörden abgelehnt. Diese anhaltende Haft hat Bedenken ausgelöst und Aufmerksamkeit auf den Rechtsstreit in seinem Fall gelenkt. In diesem Artikel schauen wir uns die wesentlichen…
Tigran Gambaryan, ein Binance-Manager, der seit Februar in Nigeria festgehalten wird, stand am Montag vor einer schwierigen Situation. Er erschien im Gerichtssaal in Abuja, kämpfte darum, zu laufen, und schleppte sein Bein hinter sich her, weil ihm die Gefängnisbehörden seinen Antrag auf einen Rollstuhl verweigert hatten. Dieses neue Video zeigt die Herausforderungen, denen er während…
The U.S. State Department has teamed up with Nigeria to further the responsible use of artificial intelligence (AI) in the military. Mallory Stewart, whose role at the State Department focuses on arms control and stability, recently discussed AI use in military operations with Nigeria’s Ministry of Foreign Affairs, the Ministry of Defence, the national security…
Nigeria’s securities watchdog plans to issue its first license to a digital asset firm later this month, marking a complete turnaround from the government’s previously hostile stance this year. In an interview this week, Director-General Emomotimi Agama told Bloomberg that the Securities and Exchange Commission (SEC) is committed to supporting Nigerian youth in exploiting new opportunities…
The Nigerian Securities and Exchange Commission (SEC) has released new regulations geared to Virtual Asset Service Providers (VASPs). An amendment of the Rules on Digital Assets Issuance, Offering Platforms, Exchange, and Custody, issued in May 2022, the SEC has now introduced the Accelerated Regulatory Incubation Program (ARIP). It comes with the appointment of the SEC’s…
Today (Friday), Nigeria dropped tax evasion charges against two Binance executives following the appointment of a local representative by the crypto exchange to handle legal proceedings. Tigran Gambaryan, a US citizen and Head of Financial Crimes Compliance, and Nadeem Anjarwalla, a British-Kenyan Regional Manager for Africa, had both denied the charges. Binance Awaits Court Decision…