National News

EFCC urges OPay to strengthen compliance, guard against money laundering

The Economic and Financial Crimes Commission (EFCC) has called on fintech company OPay to intensify compliance with regulatory standards in order to safeguard its operations against fraud and money laundering. EFCC Chairman, Ola Olukoyede, made the appeal on Thursday during a courtesy visit to the commission’s headquarters by OPay’s Chief Executive Officer, Steven Wen, and […]

National News

Oshiomhole alleges hackers breached account via OPAY, Moneypoint

Adams Oshiomhole, senator representing Edo north, says the national assembly must tighten oversight of financial institutions operating outside the traditional banking system. Oshiomhole spoke on Thursday while contributing to debate during the plenary on a bill seeking to amend the Banks and Other Financial Institutions Act to provide for the designation, registration and enhanced supervision […]

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