Senate begins debate on bill to expand CBN oversight of fintechs, non-bank institutions

The Senate has opened debate on a bill seeking to amend the Banks and Other Financial Institutions Act (BOFIA) 2020 to grant the Central Bank of Nigeria (CBN) broader powers to designate and supervise non-bank financial institutions. The proposed amendment targets major fintech operators whose activities, lawmakers argue, now amount to critical national infrastructure. Tokunbo []The post Senate begins debate on bill to expand CBN oversight of fintechs, non-bank institutions appeared first on DAILY TIMES Nigeria. Nigeria News from Nigeria Newspapers
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