The Federal High Court in Nasarawa convicted 21 companies for operating investment schemes without valid licences from the Securities and Exchange CommissionThe EFCC prosecuted the companies under Section 57(1) of the Banks and Other Financial Institutions Act, 2020, after they evaded interrogation for over five yearsE…

…Nigeria’s digital finance space, where customers have experienced everything from failed investment schemes and delayed withdrawals to service disruptions and concerns around the safety of personal information. These experiences have also created a more cautious customer. For many Nigerians, downloading a financial app…