Category: Policy and regulation

The Evolution of Blockchain Policy and Crypto Regulation in Nigeria: From Resistance to Resilience

I am honored to have been invited by the International Centre for Emerging Technologies (ICET), Federal University of Technology, Minna, Niger State (FUT Minna), to deliver a guest lecture for their Masters in Fintech & Financial Blockchain (MFB 724). My session is titled: "The Evolution of Blockchain Policy and Crypto...

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Nigeria’s Digital Asset Future: Stuck between Regulation and Surveillance

The African digital asset landscape is shifting beneath our feet. Ghana has just officially passed its Virtual Asset Service Providers (VASP) Bill 2025 into law, joining Kenya, which achieved a similar legislative milestone this year. The Bill now awaits presidential assent. As Nigeria’s neighbors celebrate clear, statutory frameworks, many...

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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...

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Cooking Co-Created Crypto Policies: Lessons from Hilda Baci’s Pot of Jollof

If Hilda Baci’s name is new to you, you have likely been out of the loop on the culinary scene. Hilda Baci is a celebrated Nigerian chef, restaurateur, actress, and entrepreneur who made headlines in May 2023 for breaking the Guinness World Record for the longest cooking marathon. She...

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The United States Anti-CBDC Surveillance Act: A Crypto Déjà Vu?

Introduction Upon perusing the proposed Anti-CBDC Surveillance Act of the United States (US), I was struck by an uncanny sense of déjà vu. As an advocate in the virtual asset space over the last seven years, the familiarity of this moment is both captivating and unnerving for me. Rather...

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Clampdowns, Crackdowns, and Shutdowns in Crypto Town: Responsible regulation is what Nigeria needs.

The Christmas Gift: 22 December 2023   Three days to Christmas last year the Olayemi Cardoso-led Central Bank of Nigeria (CBN) lifted the over three-year ban on crypto transactions in Nigeria’s banking and financial system. Long overdue, the news was refreshing. It was a Christmas gift to many, locally...

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