On April 17, 2025, the Central Bank of Nigeria (CBN), through a letter referenced CMD/DIR/PUB/LTI/001/001, reminded all banks, payment service banks and other financial institutions in Nigeria...

On 13 December 2024, the NFIU issued the Guidelines for the Identification, Verification and Reporting of Suspicious Transactions Related to Money Laundering, Financing of Terrorism, and Proliferation of Weapons of Mass Destruction for Financial Institutions.

On the 1st of October 2021, the Central Bank of Nigeria in furtherance of its mandate to issue legal tender currency, ensure financial system and promote the development of electronic payments system under the CBN Act 2007 ...

The Central Bank of Nigeria ("CBN") is the apex Bank in Nigeria and the primary regulator for the Financial Services Industry in Nigeria, particularly for banks and other financial institutions.

On 30 August 2021, the Security and Exchange Commission ("SEC") unveiled n rules applicable to persons who provide Robo Advisory Services in Nigeria ("the Rules").

Payment Service Banks ("PSBs") have, since their introduction into the financial space, remained a veritable vehicle for financial inclusion across countries.

The Federal Republic of Nigeria situated on the west coast of Africa, is commonly referred to as the ‘Giant of Africa'.

Any crime or illegal activity committed in the use of computers and network is referred to as a cybercrime. The Cybercrimes (Prohibition and Prevention, etc.) Act 2015 ("Cybercrimes Act")...

The Rules of Professional Conduct for Legal Practitioners 2023 (the New Rules) is the most recent iteration of the codified rules of ethics that members of the legal profession in Nigeria are required to comply with.

Money laundering and the financing of terrorist organisations has been a source of worry for policymakers and business executives.

Section 119 of the Companies and Allied Matters Act ("CAMA") 2020, in conjunction with the Persons with Significant Control Regulations ("PSC Regulations") 2022, requires companies...

On 24th October 2025, the Financial Action Task Force (FATF) officially delisted Nigeria, South Africa, Mozambique, and Burkina Faso from its grey list of countries...

There is some uncertainty as to whether legal practitioners in Nigeria are under a duty to investigate and confirm the source of funds with which their clients transact business requiring the services of the legal practitioner and from which the legal practitioner's fees are paid.

In compliance with the statutory obligation on Ministries, Departments and Agencies ("MDAs") to publish the requirements, procedure and timeline for processing licenses...

In response to increasing national security challenges and the need to strengthen Nigeria's defence capabilities, the Nigeria Tax Act, 2025 (No. 7) establishes a dedicated financing mechanism...

There is a common misconception that security in a country is limited to the protection of land, air, sea and the borders of a country.

On 24 October 2025, the Financial Action Task Force ("FATF") announced Nigeria has been removed from its Grey List1 . Today's publication is a follow-up to TEMPLARS' publication on 31 May 2023 further to Nigeria's addition to the Grey List which can be read HERE.

On November 7, 2011, the Federal Government of Nigeria passed the Communications Commission ("Registration of Telephone Subscribers") Regulations which required mobile phone...

The Nigerian Communications Commission has concluded plans to introduce Lawful Interception, a legally sanctioned official access to private communications, such as telephone calls or e-mail messages.

Cybercrime has become a constant source of alarming headlines worldwide, dominating news cycles across tabloids and electronic media. A significant number of individuals globally have fallen victim...