Banks, fintechs, others report 42,082 suspicious transactions to NFIU in 2025
The Nigerian Financial Intelligence Unit (NFIU) has reveled that banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports in 2025, following tighter regulatory oversight. The NFIU made this known in its 2025 Annual Report, which also showed that the agency received 41,716,214 Currency Transaction Reports and 10,513 Suspicious Activity Reports during…
In 2025, Nigeria's Financial Intelligence Unit (NFIU) reported that banks, fintech operators, and other reporting entities submitted a total of 42,082 Suspicious Transaction Reports (STRs). This figure reflects increased regulatory scrutiny and the submission of 41,716,214 Currency Transaction Reports (CTRs) and 10,513 Suspicious Activity Reports (SARs) during the year.
The NFIU receives these disclosures on various fronts, including threshold-based disclosures and anti-money laundering, counter-terrorism financing, and counter-proliferation financing compliance. Financial institutions, particularly deposit money banks, were the primary sources of STRs, accounting for 92 percent of the industry total.
Other financial institutions, capital market operators, insurance companies, and virtual asset service providers also reported suspicious activities. The NFIU's report highlights the significant role these entities play in maintaining financial transparency and combating financial crimes in Nigeria.
Written by urgent.news from Ripples Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
