Nigerian Banks File 92% of STRs in 2025, NFIU Reports

In 2025, the Nigerian Financial Intelligence Unit (NFIU) reported that Deposit Money Banks submitted 38,715 of the total 42,082 Suspicious Transaction Reports (STRs), representing approximately 92% of all filings. The NFIU also received 41.7 million Currency Transaction Reports (CTRs) and 10,513 Suspicious Activity Reports (SARs) during the same year.

Other Financial Institutions contributed 2,185 STRs, while Designated Non-Financial Businesses and Professions filed 1,029. Banks accounted for 37.2 million CTRs, approximately 89.2% of the total.

STR filings from banks increased from 9,134 in Q1 to 10,032 in Q4. However, overall STRs dropped by 48.8% from 82,143 in 2024 to 42,082 in 2025, and SARs decreased by about 55%.

The NFIU collaborates with various regulatory bodies to enhance compliance. Virtual Asset Service Providers (VASPs) filed no STRs in the first half of 2025 but submitted 49 by year-end.