The Economic and Financial Crimes Commission (EFCC) expresses concern over rising fraudulent activities within Nigeria’s financial sector, particularly impacting the unbanked, underserved, and middle-class populations. Lapses in KYC Processes by Fintechs EFCC Chairman Ola Olukoyede attributes the spike in fraud cases to lapses in the Know Your Customer (KYC) protocols of some financial technology (fintech) … Continue reading EFCC Flags Fintech Negligence As A Catalyst For Fraud Among Unbanked And Middle-Class Nigerians