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  1. NIBSS Cracks Down on Unlicensed Fintechs Masquerading as Deposit-Takers in Nigeria

    Nigeria NIBSS Cracks Down on Unlicensed Fintechs Masquerading as Deposit-Takers in Nigeria

    In a significant move aimed at curbing fraud and addressing lapses in customer verification processes, the Nigeria Inter-Bank Settlement System (NIBSS) has issued a warning against unlicensed financial services companies masquerading as deposit-taking institutions. In a memo to banks, fintechs...
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