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flag Nigeria forms committee to evaluate crypto and POS risks amid fraud concerns.

flag Nigeria’s House of Representatives has formed an ad hoc committee to assess the economic, regulatory, and security risks of cryptocurrency and Point-of-Sale systems, amid rising concerns over fraud, cybercrime, and money laundering. flag The committee, led by Rep. Olufemi Bamisile, will hold public hearings and work with agencies like the Central Bank of Nigeria, SEC, and EFCC to develop a regulatory framework. flag Speaker Abbas Tajudeen stressed the need for clear laws to protect consumers, ensure financial integrity, and support digital innovation, aligning with President Bola Tinubu’s economic reforms.

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