AN ANALYSIS OF THE RECENTLY RELEASED OPERATIONAL GUIDELINES FOR OPEN BANKING IN NIGERIA
On the 7th of March 2023, the Central Bank of Nigeria (CBN) in collaboration with industry stakeholders, developed and released the Operational Guidelines for Open Banking in Nigeria (“Operational Guidelines”).
DESPITE REFORMS INTRODUCED BY ITS MONEY LAUNDERING (PREVENTION AND PROHIBITION) ACT 2022, NIGERIA AGAIN GETS GREYLISTED BY THE FINANCIAL ACTION TASK FORCE
On the 24th day of February 2023, the global money laundering and terrorist financing watchdog, Financial Action Task Force,[1] placed Nigeria on its grey list for having insufficient measures to