Nigerian police reportedly arrest bank customers linked to Flutterwave’s ₦11 billion fraud case
Nigerian police arrested several bank customers linked to fraudulent activities on Flutterwave’s platform. Plans to apprehend 601 others suspected of receiving proceeds from a previous breach.
Nigerian regulators have declared open season on business. It’s already causing chaos
The Central Bank of Nigeria (CBN) has mandated financial institutions to collect ID cards before creating financial accounts. The Nigerian Inter-Bank Settlement System (NIBSS) has taken action against fintechs that collect deposits without a license.
