Senate Strengthens CBN’s Regulation Of Fintech Operations, Mulls Stricter Measures Against Ponzi Schemes

The Senate on Wednesday consolidated proposed legislation aimed at strengthening the regulatory oversight of the Central Bank of Nigeria (CBN) on financial technology (fintech) operations in the country. The upper chamber also considered tougher legislative measures to curb Ponzi scheme fraud, following recent financial scams, including the reported N1.3 trillion allegedly lost by Nigerians to […]