Nigeria: White Collar Crime, Anti-Corruption & Fraud

Nigeria's public sector accountability framework, anchored in the Constitution and the Code of Conduct Bureau and Tribunal Act, mandates asset declaration and ethical conduct for public officers. Despite robust legal provisions requiring disclosure of assets, the system faces critical challenges including inadequate verification capacity, weak enforcement mechanisms, and limited transparency. This comprehensive analysis examines the constitutional framework, identifies systemic weaknesses, and proposes prac

The Central Bank of Nigeria's new rule limiting BVN-linked phone number changes to just once raises critical questions about balancing financial security with data subject rights. As phone numbers serve as essential authentication tools yet remain inherently changeable due to theft, loss, or compromise, this regulatory restriction may conflict with statutory rectification rights under data protection law.

Nigeria's Money Laundering Act of 2022 has transformed real estate compliance by classifying developers and investors as Designated Non-Financial Businesses, requiring mandatory registration with SCUML and imposing strict anti-money laundering obligations. With enforcement agencies like the EFCC intensifying prosecutions and securing property forfeitures in high-profile cases, the real estate sector faces unprecedented regulatory scrutiny.