One of Nigeria’s foremost blockchain companies, Cyberchain, recently held the inaugural edition of the Blockchain Compliance – Level 1 Training in Lagos, marking a milestone in advancing compliance practices within Nigeria’s blockchain ecosystem.
The training addressed pressing concerns related to the blockchain industry, including cryptocurrency crime trends, investigative skills, and the fundamentals of tracing digital assets like BTC and ETH. As regulatory frameworks continue to evolve, compliance expertise has emerged as a cornerstone for industry sustainability.
Led by Jude Ozinegbe, an industry expert and critical stakeholder in the industry, Cyberchain’s initiative aims to equip practitioners with the skills to bridge the gap between operators and regulators, ensuring adherence to ethical practices and preventing financial crimes.
Cyberchain’s pioneering modular compliance program offers progressive training across three levels—Level 1, Level 2, and Level 3. This hybrid model caters to professionals at varying levels of expertise and provides certification, practical skills, and insights critical for securing Nigeria’s blockchain ecosystem.
The training effort is complemented by strategic collaborations with organizations such as A&D Forensics, led by Adedeji Owonibi. Together, these institutions are reshaping the blockchain compliance landscape and restoring credibility to a space often misunderstood.
Kashifu Inuwa Abdulahi, the Director General of the National Information Technology Development Agency (NITDA), reaffirmed the agency’s commitment to supporting blockchain infrastructure and innovation. Through policy development and collaboration with academia, tech hubs, and regulators, NITDA seeks to position Nigeria as a global leader in blockchain compliance.
The Securities and Exchange Commission (SEC) has also taken proactive steps by granting approvals in principle to select blockchain firms through its Accelerated Regulatory Incubation Program (ARIP) and Regulatory Incubation (RI) framework. Dr. Emomotimi Agama, SEC’s Director General, emphasized the importance of compliance practices that go beyond basic regulatory requirements to uphold industry integrity.
Jude Ozinegbe, Founder of Cyberchain and Lead Facilitator of the Blockchain Compliance Training, stated: “Blockchain compliance is no longer optional; it is the foundation for a sustainable and trustworthy industry. As the blockchain ecosystem grows, so do the risks of misuse and regulatory challenges. This training is a call to action for operators, regulators, and practitioners to collaborate, bridge the gap between innovation and regulation, and embed a culture of ethical practices. By equipping professionals with practical compliance skills, we are shaping a safer, more transparent, and globally competitive blockchain ecosystem for Nigeria.”
Simeon Nofa, CEO of Pengage Finance and a participant in the training, shared his perspective: “When I entered the blockchain industry in 2017, the idea of regulations and blockchain coexisting seemed almost impossible. On one hand, many players resisted regulation, which appeared to conflict with the decentralization ethos driving cryptocurrency. However, the evolution of the industry toward sustainability highlights that an appropriate regulatory framework fosters safety and trust. This training is a significant milestone for Nigeria’s virtual asset ecosystem.”