Thursday, 25 June 2026
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FG orders  banks, others to freeze assets of terrorism financiers

FG orders  banks, others to freeze assets of terrorism financiers

***Backs US sanctions on Nigerians, BDCs linked to terror financing
***Says terrorists, financiers have no safe haven in Nigeria’s financial system
By Kingsley Omonobi & Luminous Jannamike
ABUJA — The Federal Government yesterday directed financial institutions and designated non-financial businesses and professions to maintain full compliance with sanctions obligations by freezing the assets of terrorists financiers.
The directive came against the backdrop of sanctions imposed on a Nigerian financier of ISIS, along with his three Bureaux De Change in Lagos and Kano, by the US government.
It will be recalled that the US government had used its Executive Order 13224, to sanction...

Source: Vanguard News

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