One transaction can ruin your business – EFCC warns fintech CEOs

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has cautioned fiscal exertion companies crossed Nigeria to enactment alert and support their platforms from fraudsters.

He gave the informing successful Abuja connected Thursday, April 30, 2026, portion addressing main enforcement officers of fintech firms astatine an manufacture engagement gathering held astatine the commission’s firm headquarters.

Olukoyede, portion commending the executives for expanding fiscal entree and driving innovation crossed the country, warned that the aforesaid opportunities person besides been exploited by criminals to transportation retired fraudulent activities.

“The opportunities you person created person besides fixed criminals the accidental to perpetrate crimes, and implicit the years, we person discovered that determination is simply a request for america to conscionable from clip to time, adjacent successful the involvement of your business. We volition besides archer you the things that we are privy to successful respect of your operations and services that we deliberation criminals are really exploiting and however to artifact those spaces and fortify the regulatory authorities astir the busi...