One transaction can ruin your business - EFCC warns fintech CEOs

The Executive Chairman of the EFCC, Ola Olukoyede, warned fintech companies in Nigeria to protect themselves against fraud during a meeting in Abuja on April 30, 2026. He emphasized that the opportunities created by these firms are also exploited by criminals and called for closer cooperation to strengthen regulations. Olukoyede stressed the importance of companies' reputations, stating that one mishandled transaction can destroy years of hard work.