Digital Assets

Legal And Regulatory Compliance In Nigeria’s Financial Technology Sector: Navigating Licensing, Consumer Protection, And Cybersecurity Obligations

Nigeria’s fintech sector is governed by an overlapping network of financial, consumer-protection, data-protection and cybersecurity rules. This article examines the licensing obligations that determine lawful market entry, the duties owed to digital-finance consumers, and the cybersecurity and privacy controls required of fintech operators. It argues that sustainable fintech regulation depends on integrating compliance into product design, governance and operational risk management rather than treating it as a post-launch regulatory exercise.

Digital Assets, Fraud, and the Limits of Criminal Law

The rapid expansion of digital assets has blurred the distinction between commercial failure and criminal conduct in Nigeria. This article examines the growing tendency to criminalise digital asset disputes that are fundamentally civil or contractual in nature, analyses the legal threshold for fraud, and highlights the dangers of using criminal process as a substitute for civil remedies. It advocates legislative, regulatory, and institutional reforms to preserve the integrity of criminal law while ensuring effective investor protection in Nigeria’s evolving digital economy.

Verified by MonsterInsights