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12 August 2026

Cryptocurrency Fraud In Nigeria: Legal Remedies For Victims Under The ISA 2025

Syntegral Legal Practice

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Syntegral Legal is a full-service law firm with offices in Lagos and Abuja, well-placed to support clients across Nigeria’s major commercial centres. The firm takes a practical, client-centred approach, offering legal solutions tailored to the unique needs of each business. With strong expertise across a range of sectors – including energy, maritime, finance, telecommunications, aviation, and IT – Syntegral is trusted for its deep understanding of both local and international transactions. Whether advising on complex debt and equity arrangements or general commercial matters, the firm works closely with clients to deliver clear, effective legal support.
Nigeria's cryptocurrency market has long operated in a legal grey area, but the enactment of the Investments and Securities Act 2025 marks a turning point. For the first time, digital and virtual assets are expressly recognised within the country's securities regulatory framework, bringing clarity to their legal status and placing qualifying activities under the supervision of the Securities and Exchange Commission.
Nigeria Finance and Banking
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For many years, Nigeria's cryptocurrency market operated within a fragmented and uncertain legal and regulatory landscape. Although digital assets enjoyed widespread adoption, there was little legislative certainty regarding their legal status, regulatory oversight or the rights and protections available to investors. That position has changed significantly with the enactment of the Investments and Securities Act 2025 ("ISA 2025").

For the first time, the ISA 2025 expressly recognises digital and virtual assets within Nigeria's securities regulatory framework and places qualifying activities involving those assets under the supervision of the Securities and Exchange Commission ("SEC"). This represents a significant milestone in the development of Nigeria's digital asset ecosystem. It provides a clearer legal foundation for cryptocurrency-related businesses, enhances regulatory oversight and offers greater protection to investors participating in the market.

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