The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has urged the management and staff of Opay to make compliance with existing regulations a watchword to ensure business integrity and block avenues for money laundering and fraudulent practices. Olukoyede gave the charge in Abuja on December 11, 2025 when the…
AN indigenous technology company, Optimus AI Labs, is strengthening its push into enterprise artificial intelligence (AI), with focus on improving customer support and service delivery across the country’s financial services industry. Speaking with a group of media execs in Lagos, its Chief Executive Officer and Co-Founder, Lanre Basamta, said Optimus AI Labs has spent the…
The Corporate Affairs Commission (CAC) is exploring the deployment of Artificial Intelligence (AI) to perform routine operational tasks such as name reservation and even registration. Its Registrar-General, Hussaini Ishaq Magaji, disclosed this at the in House Enforcement and Compliance Training for state offices in Abuja, stating that the organogram of the Commission will be dismantled…
The Central Bank of Nigeria (CBN) slammed N1billion fine each on the country’s most prominent unicorns, Moniepoint and OPay during the second quarter (Q2) of this year, sources have said. While several other fintech companies were also penalized, the two firms were worst hit by the huge fine. The penalties followed a routine CBN audit…
