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How fintech startups evade federal law through Nigeria’s state gaps
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How fintech startups evade federal law through Nigeria’s state gaps
Some Nigerian fintech startups have the opportunity to exploit fragmented regulatory oversight by incorporating in states with weaker scrutiny. These companies target states where regulatory bodies lack the tools or will to enforce national compliance. The result is a growing list of fintech entities operating within legal grey zones. Startups pick these states to escape requirements set by federal authorities, especially the Central Bank of Nig…
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