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Bill to establish fintech regulatory commission splits sector’s operators

Naija News • 1h ago
Bill to establish fintech regulatory commission splits sector’s operators
A bill before the House of Representatives seeking to establish a fintech regulatory commission has split organisations in the sector, with fintech operators warning against regulatory overlap while telecom and agent groups push for a single authority to oversee the industry. The debate played out on Monday at a public hearing organised by the House joint committees on digital and electronic banking, banking regulations, science and technology, communications, and capital market and institutions. Leading support for the bill, the Association of Telecommunications, Information, Technology, Cable Satellite Network Operators and Allied Services Employers of Nigeria (ATICEN) argued that the absence of a standalone fintech regulator has resulted in fragmented supervision. Adede Williams, the...
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