Recent Posts

CBN denies reimposing cyber security levy

The Central Bank of Nigeria (CBN) has denied it will reintroduce a controversial cybersecurity levy that was previously suspended. The denial was contained in a statement entitled “Clarification Regarding the Guidelines for Monetary Policy, Credit, Foreign Trade, and Foreign Exchange for the 2024-2025 Fiscal Year (Monetary Policy Circular No. 45) released by Bank Indonesia on Friday, September 20, 2024. On …

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Hustle Academies: Online scammers in West Africa train others in sexual fraud and extortion

As the world becomes more connected, digital fraud has grown from a local problem to a global one. West Africa, particularly Ghana and Nigeria, is seeing the rise of “fraud empires” – informal academies that train people to commit digital fraud. The term “hustle empire” comes from online hustlers themselves, who used it to describe their training centers. This environment …

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