Is Compliant Naira a scam?
Asked about Compliant Naira (CNGN), market cap rank #2240.
Short answer
Compliant Naira (CNGN) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Stablecoin has depegged from its target
Positive signals
- Backed 1:1 by Naira reserves held in designated commercial banks
- Conducts monthly audits on reserve funds
- Smart contract audit passed by Frank Castle
Security audits
1 audit on record.
- Frank Castle (2026-01-01) — pass
Team transparency
The Compliant Naira team is doxxed — public identities are known.
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