Could Nigeria’s Central Bank adopt India's aggressive stance against digital fraud?
Context
Recent reports show that digital fraud cost Indians over $2.5 billion in 2025, prompting their central bank to take drastic regulatory measures to secure the financial system. With Nigerians facing a similar rise in online banking scams, phishing, and unauthorized transactions, it is time to ask if our current security framework is enough. Should the CBN introduce stricter, potentially restrictive, policies to protect users, or would such moves hurt the ease of digital transactions in Nigeria?
Top answers
No answers yet. Be the first to answer!