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

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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HarrenaPay is a product of Lantid Creative Ltd, registered in Nigeria, and registered with the Nigeria Data Protection Commission as a data controller and processor (NDPC/DCP/12238). HarrenaPay is not a bank. Escrow funds are held in dedicated wallets, secured with our licensed partner bank.

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