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escrow

Is escrow legal in Nigeria? What the CBN, EFCC and the law actually say

Escrow is fully legal in Nigeria when the operator follows CBN payment rules. Here is the regulatory picture in plain English.

21 May 2026 · 3 min read

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Important disclosure. harrenapay is a product of Harrena Africa Synergy LTD. harrenapay is not a bank and does not hold customer deposits. We are a technology platform providing escrow and payment workflow software.

Card processing, bank transfers, and payouts on harrenapay are powered by Paystack, our licensed payment partner, who is fully regulated by the Central Bank of Nigeria. All customer funds are held in segregated accounts and never co-mingled with operating capital.

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