Category: Financial Services Industry

A Guide for Financial Institutions and Crypto-Risk Mitigation in Nigeria: From Blanket Prohibition and Stereotypical Discrimination to Proper and Compliant Risk-Based Control

Introduction Whenever blanket prohibitions are made by financial institutions (FIs)—whether based on common stereotypes, fiat directives, or risk speculations over crypto-related transactions—there is serious cause for concern. Given the sanctity of the bank-customer relationship, the constitutional underpinnings of property rights, and the essential role of banking and financial services...