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Nigerian Fintechs Assure Users Amid Regulatory Clampdown on Unlicensed Deposit Acceptance 🇳🇬

Nigerian Fintechs Assure Users Amid Regulatory Clampdown on Unlicensed Deposit Acceptance 🇳🇬

#banking
#fintech
#banking
#legal
Nigerian fintech giants, including Flutterwave and Paystack, rush to reassure users as a memo from NIBSS sparks misinformation about regulatory measures against unlicensed deposit acceptance. The Central Bank's directive targets companies operating without proper licenses, potentially leading to a purge of non-compliant services.

🚨 Important Notice: Nigerian fintech leaders, Flutterwave, Paystack, and others, swiftly address misinformation surrounding NIBSS's regulatory memo on unlicensed deposit acceptance. The industry is on high alert as potential enforcement actions loom, emphasizing compliance and user fund security. 💳🔒 


#NigerianFintech #RegulatoryUpdate #UserAssurance


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