Nigeria — Central Bank of Nigeria & Access Bank Group

Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria launched the Nigerian Overnight Financing Rate (NOFR) to enhance financial market transparency, integrity, and monetary policy effectiveness, aligning Nigeria with global best practices.

Access Bank Group: Access Bank Group, through its representatives, expressed strong support for the NOFR, highlighting its importance for attracting capital and improving investor confidence in Nigeria's financial markets.

Nigeria — Central Bank of Nigeria: The CBN provides regulatory support and mandates ISO 20022 adoption, reinforcing the NPS rollout. Its backing is crucial for industry-wide compliance and the success of the new payment rail.

Access Bank Group: Access Bank Group is an early adopter, contributing to the NPS network and expected to benefit from enhanced payment processing.

Nigeria — Central Bank of Nigeria: Confirmed opening dormant accounts for the fake agency on directive from the Accountant-General's office, raising questions about internal controls.

Access Bank Group: Access Bank Group received part of the N400 million payment, becoming involved in the fraud.

Nigeria — Central Bank of Nigeria: Granted No Objection approval for the CEO appointment, fulfilling its regulatory role.

Access Bank Group: Ohiwerei previously served as Executive Director at this bank.

Access Bank Group: Access Bank Group is mentioned as an established lender that Flutterwave may compete with following its new banking license.