The Nigerian Financial Intelligence Unit disclosed that banks, fintech companies and other reporting entities submitted 42,082 Suspicious Transaction Reports to the agency in 2025.
The figure was contained in the NFIU’s 2025 Annual Report, which also recorded 41.7 million Currency Transaction Reports and 10,513 Suspicious Activity Reports during the year.
Deposit Money Banks accounted for 38,715 Suspicious Transaction Reports, representing about 92 per cent of the total. Other Financial Institutions submitted 2,185 reports, while designated non-financial businesses and professions filed 1,029.
Capital market operators and insurance companies accounted for 104 reports, while Virtual Asset Service Providers, including cryptocurrency-related businesses, submitted 49. Banks also dominated Suspicious Activity Reports, contributing 8,313 of the 10,513 filings.
The report showed that banks also accounted for 37.2 million Currency Transaction Reports, representing about 89.2 per cent of the 41.7 million filings received. The NFIU said financial institutions are required to report transactions above N5m for individuals and N10m for legal entities within seven days.
Bank STR filings increased steadily across the year, rising from 9,134 in the first quarter to 10,032 in the fourth quarter. However, the NFIU recorded a sharp year-on-year decline, with STRs falling by 48.8 per cent from 82,143 in 2024 to 42,082 in 2025.
Suspicious Activity Reports also declined by about 55 per cent, dropping from 23,364 in 2024 to 10,513 in 2025. The NFIU said the figures showed increased reporting of threshold-based transactions and politically exposed persons, despite the significant decline in suspicious transaction and activity reports.
