02Your obligation here

Nigeria runs virtual-asset supervision as a split regime: the Securities and Exchange Commission registers and supervises the activity, the Central Bank governs the banking interface beneath it, and financial-intelligence reporting runs to a separate national unit. The obligation behind the registration is consistent in shape. The current framework requires:

a named compliance officer
a written AML/CFT programme
a documented risk assessment
risk-based customer due diligence
ongoing sanctions and PEP screening
transaction monitoring
suspicious-transaction reporting to the NFIU

Securities perimeter

SEC The Securities and Exchange Commission, Nigeria registers and supervises virtual-asset service providers under its fintech framework. Register: sec.gov.ng/fintech-and-innovation-hub-finport/registered-fintech-operators

Banking interface

CBN The Central Bank of Nigeria governs the banking rails and the account relationships a virtual-asset operator depends on. Directory: cbn.gov.ng/Supervision/fi.asp

Financial-intelligence reporting

NFIU The Nigerian Financial Intelligence Unit receives suspicious-transaction and threshold reporting. Site: nfiu.gov.ng

Any specific SEC registration category, capital requirement, CBN account-opening condition, filing deadline or transition date is confirmed against that regulator's own source before it is stated. The sentence stays generic if unconfirmed.

03What we build in Nigeria crypto

01Licensing & new-regime buildThe AML/CFT programme the SEC expects behind a VASP registration: enterprise risk assessment, policies and procedures, the compliance and MLRO function, wallet and counterparty controls, the file that survives the review.Detail → 02RemediationAfter a SEC finding, a deficiency notice or a failed audit: gap analysis against the applicable framework, a fix that closes the finding, and the evidence trail to prove closure at re-inspection.Detail → 03Outsourced & bridge MLRO + FIUA senior compliance officer or bridge MLRO while you recruit, plus a managed financial-intelligence function: alert triage, investigations, and suspicious-transaction reporting to the NFIU.Detail → 04Independent AML auditThe independent review of your virtual-asset programme that the SEC and your board expect, tested against the current framework, with findings you can act on.Detail → 05Sanctions & integrity DDSanctions and screening controls, counterparty due diligence, and the crypto Travel Rule for originator and beneficiary information on transfers, applied to the extent the current framework requires.Detail →

04Why it is urgent now

Standing exposure

Virtual assets in Nigeria are already supervised, not at some future deadline:

The SEC registers the activity.
The CBN governs the banking interface.
The NFIU receives the reports.

An operator without a defensible AML/CFT programme is exposed at the next examination. Cross-border virtual-asset flows put the operator squarely in the sanctions-screening line of sight, which is where thin programmes fail first. The pressure is standing, not seasonal.

Tell us what you are trying to license, fix or run in Nigeria crypto.

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