Mr Tan stressed that recovering money lost to scams is “very difficult”. “Where we have been able, this has involved close partnerships with financial institutions, in particular having DBS staff co-located with SPF at CSA to provide faster, real-time coordination and response.” As such, ASC and MAS are working withRead More →

Rana Ayyub released a statement on Friday in response to the allegations made against her by the Directorate of Law Enforcement (ED). Veteran journalist Rana Ayyub has been accused by the agency of embezzling funds received in the form of donations for relief during the Covid-19 pandemic. The statement releasedRead More →

• Threat to sue uncooperative banks Ahead of the 2023 general election schedule, the Independent National Electoral Commission (INEC) must shine its spotlight on politicians and political parties in a bid to track sources of funding for their campaigns. INEC Chairman Prof. Mahmood Yakubu publicized the plan at a politicalRead More →

The Blockchain Industry Coordinating Committee of Nigeria (BICCON) has said that it is not legal for Nigerian financial institutions to freeze or arbitrarily close bank accounts belonging to individuals or entities accused of cryptocurrency trading. Affected Crypto Entities Should Seek Legal Advice In a public statement released on Nov. 22,Read More →