Nigeria’s IT Regulator NITDA Raises Alarm Over Fake 'CPM' Platform Extorting Victims Using Agency's Name

Nigeria’s IT Regulator NITDA Raises Alarm Over Fake 'CPM' Platform Extorting Victims Using Agency's Name

Nigeria's IT regulator NITDA has publicly disowned the "CPM" investment platform, which froze user funds and is now demanding extra payments under the false claim of a NITDA-backed recovery process. The scheme follows a textbook double-extortion pattern — a warning signal for any org operating digital payment or investment platforms in emerging markets where regulatory impersonation is an active threat vector.