FROM REGULATORY SILOS TO COORDINATED OVERSIGHT: THE EVOLUTION OF NIGERIA’S VIRTUAL ASSETS REGULATORY FRAMEWORK AND THE 2026 PRESIDENTIAL EXECUTIVE ORDER
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As a result of international pressure particularly from the United States of America, some European countries and the global ombudsman, the Financial Action Task Force (FATF) based in Paris, France, threatening to apply sanctions on Nigeria and its banks for the rising cases of fraud and sharp practices in the financial system, the Federal Government recently reinforced the country's laws in its bid to tackle the ugly trend.
