CBN initiates crackdown on terrorism suspects

• To freeze accounts of terror financiers, BDC operators    
• Orders banks to freeze accounts of customers linked to vice
By Chinwendu Obienyi
The   Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to immediately freeze accounts, assets and transactions linked to six individuals and four Bureau De Change (BDC) operators designated for alleged involvement in terrorism financing.
The directive, contained in a circular dated June 24, 2026, is part of a broader crackdown on terrorism financing and follows an update of the Nigeria Sanctions List by the Nigeria Sanctions Committee (NIGSAC).
The apex bank said the sanctions, which took effect on June...