Nigeria: Money Laundering

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Crypto Fraud, Scams And Ponzi Schemes: Legal Remedies For Victims

Nigeria faces a mounting crisis as digital asset fraud schemes have defrauded citizens of nearly ₦911 billion between 2000 and 2023, with recent collapses like CBEX affecting hundreds of thousands of victims. As cryptocurrency transactions shift from formal banking channels to peer-to-peer networks, Nigerian regulators struggle to balance innovation with investor protection in an increasingly complex digital financial landscape.

Nigeria Criminal

Syntegral Legal Practice

Can A Seller Of Land Accept Cash As Payment In Real Estate Transactions? Lessons From The Supreme Court's Decision In Aliyu v. FRN (2026) LPELR-83493(SC)

A recurring question in Nigerian real estate practice is whether a seller of land can lawfully accept cash payment from a buyer for the transfer of property. For decades, many Nigerians...

Nigeria Finance

AS

Abdu-Salaam Abbas & Co.

March Policy Trend Trail

This comprehensive review examines Nigeria's major policy developments introduced in March 2026, spanning tax reform, education verification, humanitarian protection, health regulation, climate risk management, security...

Nigeria Government

TA

Tunde & Adisa

Redefining AML Compliance: Understanding CBN’s Baseline Standards ForcAutomated AML Solutions For Financial Institutions

With the increasing need to ensure financial security in today’s rapidly digitizing landscape and evolving compliance demands, the Central Bank of Nigeria (CBN)...

Nigeria Government

PL

Pavestones Legal

Fintech Regulatory Update: The Central Bank Of Nigeria Commences AML/CFT/CPF Supervison Pilot Scheme For Select Virtual Asset Service Providers

Nigeria Technology

UU

Udo Udoma & Belo-Osagie

New CBN Measures On Diaspora Remittances: What They Mean For Market Participants

Nigeria Finance

PL

Pavestones Legal

Beyond Delisting: The CBN’s Automated AML Standards And Nigeria’s Shift To Continuous Compliance

Nigeria Government

TA

Tope Adebayo LP

European Union ('EU') Removes Nigeria From EU Anti-Money Laundering And Combating The Financing Of Terrorism ('AML/CFT') High-risk List

Nigeria Government

AP

Advocaat Law Practice

NFIU Upgrades GoAML Platform: Key Updates Reporting Entities Must Note

Nigeria Finance

Syntegral Legal Practice

Nigeria's Anti-Bribery & Corruption (ABC) And Anti-Money Laundering (AML) Landscape: A Q&A

Nigeria Criminal

UU

Udo Udoma & Belo-Osagie

Is Compliance Failure A Crime? Lessons From The Efcc's Prosecution Of Orbby Vanessa Agwuncha

Nigeria Criminal

Syntegral Legal Practice

How To Establish A Microfinance, Lending, Or Payment Company In Nigeria

Nigeria Finance

TT

The Trusted Advisors

Minimum KYC Requirements For Opening Bank Accounts For Nigerian Entities Offshore

Nigeria Government

BH

Balogun Harold

Understanding Nigeria's Removal From The Fatf Grey List – The Implications And Way Forward

Nigeria Government

BC

Babalakin & Co.Legal Practitioners

The Roles And Responsibilities Of Personal Representatives In Estate Administration

SA

S.P.A. Ajibade & Co.

MCSN Receives ₦1.2bn Copyright Levy To Support Nigerian Musicians

AA

Adams & Adams

The Nigerian Midstream And Downstream Petroleum Regulatory Authority (NMDPRA) Establishes 2026 Domestic Base Price And Wholesale Pricing Framework For Natural Gas For The Strategic Sectors

AP

Advocaat Law Practice

The Central Bank Of Nigeria’s 2026 Policy On Loan Defaulters: A Strategic Clampdown On Credit Abuse.

Nigeria Finance

Gresyndale Legal

Navigating Nigeria's Regulatory Approach To Stablecoin

Nigeria Technology

BC

Babalakin & Co.Legal Practitioners

The Extra-Territorial Criminal Jurisdiction Of Nigerian Courts Over Money Laundering

In today's globalized economy, the intricacies of international business transactions have resulted in a marked increase in cross-border economic crimes, including money laundering.

Nigeria Criminal

T

Templars

Combating Anti-Money Laundering Through Automation – Central Bank Of Nigeria's Approach

The Central Bank of Nigeria (CBN) is pressing forward with regulatory reforms to modernise antimoney laundering compliance. On 20 May 2025, it released the Exposure Draft on Baseline Standards...

Nigeria Government

T

Templars

Nigeria's Exit From The Grey List: Implications For Businesses And The Financial System

At the October 2025 plenary meeting of the Financial Action Task Force ("FATF") in Paris, Nigeria, alongside South Africa, Mozambique and Burkina Faso, was officially removed...

Nigeria Government

UU

Udo Udoma & Belo-Osagie

Nigeria Removed From FATF Grey List

At the just concluded Financial Action Task Force ("FATF") Plenary meeting held between the 22nd and 24th of October 2025, Nigeria, alongside other African nations Burkina Faso...

Nigeria Government

AO

Aluko & Oyebode

Nigeria Exits FATF Grey List: Stronger Compliance, Stronger Markets

Nigeria Government

T

Templars

Regulatory Update: Nigeria Exits FATF'S Grey List

Nigeria Government

SB

Stren & Blan Partners

Training As Control: Why Compliance Training Is Every Institution's First Line Of Defence

Nigeria Compliance

Syntegral Legal Practice

A Guide On Anti-Money Laundering And Counter-Terrorism Finance Compliance For Designated Non-Financial Businesses And Professions In Nigeria

Nigeria Government

GS

Goldsmiths Solicitors

Dirty Money, Clean Hands: Navigating AML/CFT Regulations For Nigerian Lawyers

Nigeria Government

TA

Tope Adebayo LP

Nigeria Remains On The Financial Action Task Force's (FATF) Grey List For AML/CFT/PF Deficiencies: The Way Forward

Nigeria Government

LL

Lexworth Legal Partners

Do Legal Practitioners In Nigeria Have A Duty To Confirm A Client's Source Of Funds?

Nigeria Government

SA

S.P.A. Ajibade & Co.

AML/CFT Regimes: CBN Tightens Compliance Obligations Of Financial Institutions

Nigeria Government

BI

Banwo & Ighodalo

An Overview Of The Central Bank Of Nigeria's Non-Resident Nigerian Ordinary Account And Non Resident Nigerian Investment Account

Nigeria Finance

UU

Udo Udoma & Belo-Osagie

Anti-Money Laundering Regulation In Nigeria – CBN Exposure Draft On Standards For Automated Anti-Money Laundering (AML) Solutions

Nigeria Government

PL

Pavestones Legal

Do Legal Practitioners In Nigeria Have A Duty To Confirm A Client's Source Of Funds?

There is some uncertainty as to whether legal practitioners in Nigeria are under a duty to investigate and confirm the source of funds with which their clients transact business requiring the services of the legal practitioner and from which the legal practitioner's fees are paid.

Nigeria Government

SA

S.P.A. Ajibade & Co.

AML/CFT Regimes: CBN Tightens Compliance Obligations Of Financial Institutions

On April 17, 2025, the Central Bank of Nigeria (CBN), through a letter referenced CMD/DIR/PUB/LTI/001/001, reminded all banks, payment service banks and other financial institutions in Nigeria...

Nigeria Government

BI

Banwo & Ighodalo

An Overview Of The Central Bank Of Nigeria's Non-Resident Nigerian Ordinary Account And Non Resident Nigerian Investment Account

Remittances from Nigerians in the diaspora have become a significant contributor to Nigeria's foreign exchange earnings and Gross Domestic Product ("GDP").

Nigeria Finance

UU

Udo Udoma & Belo-Osagie

Anti-Money Laundering Regulation In Nigeria – CBN Exposure Draft On Standards For Automated Anti-Money Laundering (AML) Solutions

The fight against money laundering and terrorist financing remains a critical priority for global financial systems.

Nigeria Government

PL

Pavestones Legal

Famsville: Finance Regulatory Updates (May 2025)

Nigeria Government

FS

Moroom Africa Legal Consults

CBN Reviews Documentation Requirements For PAPSS Transactions In Nigeria

The Pan-African Payment and Settlement System (PAPSS), launched in January 2024, is a centralized payment infrastructure designed to facilitate faster and more cost-effective cross-border trade transactions in local African currencies. It was adopted as a key mechanism to support the implementation of the African Continental Free Trade Area (AfCFTA).

Nigeria Finance

TA

Tope Adebayo LP

Regulation Of Anti-Money Laundering In Nigeria – CBN Exposure Draft On Standards For Automated Anti-Money Laundering (AML) Solutions

The fight against money laundering and terrorist financing remains a critical priority for global financial systems. As financial transactions have become increasingly digitized...

Nigeria Government

PL

Pavestones Legal

Famsville: Finance Regulatory Updates (March 2025)

This month, the Central Bank of Nigeria (the "CBN") and the Securities and Exchange Commission (the "SEC") issued relevant guidelines and market updates.

Nigeria Finance

FS

Moroom Africa Legal Consults

Real Estate And Anti-Money Laundering Compliance

Nigeria's Money Laundering Act of 2022 has transformed real estate compliance by classifying developers and investors as Designated Non-Financial Businesses, requiring mandatory registration with SCUML and imposing strict anti-money laundering obligations. With enforcement agencies like the EFCC intensifying prosecutions and securing property forfeitures in high-profile cases, the real estate sector faces unprecedented regulatory scrutiny.

Nigeria Real Estate

TA

Tunde & Adisa

Legal Framework And Strategies For Anti-Money Laundering (AML) And Counter-Terrorist Financing (CTF) Compliance In Nigeria

Nigeria Government

TA

TLP Advisory

Compliance Imperatives: What Financial Institutions Should Know About The Nigerian Financial Unit Suspicious Transaction Reporting Guidelines

Nigeria Government

FS

Moroom Africa Legal Consults

Anti-Money Laundering Regulation In Nigeria – Recent Updates

Nigeria Government

PL

Pavestones Legal

Send, Receive, Thrive: Nigeria's Updated International Money Transfer Regime

Nigeria Technology

LL

Lexworth Legal Partners

How To Obtain An Imto License In Nigeria

Nigeria Technology

uA

Firmus Advisory

An Overview Of The SEC's Framework On Accelerated Regulatory Incubation Programme For The Onboarding Of VASPs And DISPs

Nigeria Commercial

UU

Udo Udoma & Belo-Osagie

The Jurisprudence Of Non-Conviction Based Asset Forfeiture (Civil Forfeiture) In Nigeria: Constitutionality Of The New Knight-Errant Innovated Under The UNCAC

Nigeria Government

TA

Tope Adebayo LP

Compliance Requirements In Nigeria's Anti-Money Laundering Landscape

Nigeria Government

TA

Tope Adebayo LP

The National Assembly Amends The Cybercrimes (Prohibition, Prevention, Etc.) Act

Nigeria Technology

SA

S.P.A. Ajibade & Co.

The Risks And Pitfalls Of Crowdfunding Investment In Nigeria

Nigeria Finance

AS

Aarndale Solicitors

The Central Bank Of Nigeria Revokes The Operational Licenses Of 4,173 Bureaux De Change (BDC) Operators

Nigeria Compliance

SA

S.P.A. Ajibade & Co.

The Crime Of Money Laundering And Criminal Enforcement In Nigeria

Nigeria Government

Adeola Oyinlade & Co

Analysis Of Recent Changes In International Money Transfer Guidelines In Nigeria

Nigeria Government

A

AELEX

A New Regime For International Money Transfer Operator's License In Nigeria

Nigeria Technology

DO

Duale Ovia & Alex-Adedipe

The Regime For The Operation Of Bank Accounts By Virtual Asset Service Providers/Exchanges In Nigeria

Nigeria Technology

UU

Udo Udoma & Belo-Osagie

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Latest Videos

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Why EFCC Shouldn't Be In Existence – Former NBA President (Video)

OA

Olisa Agbakoba Legal (OAL)

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