FinTech Negligence Fuels Fraud Among Unbanked, Middle-Class Nigerians – EFCC …C0NTINUE READING HERE >>>
The Economic and Financial Crimes Commission (EFCC) has raised the alarm over a surge in fraudulent activities within Nigeria’s financial sector, particularly targeting the unbanked, under-served, and middle-class populations.
The troubling trend, according to the EFCC, was largely fueled by lapses in Know Your Customer (KYC) protocols among some FinTech companies.
Speaking at a recent stakeholder engagement in Abuja, EFCC Chairman Ola Olukoyede highlighted the critical need for…
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