Terrorism Financing: CBN freezes accounts of Adamu Ciroma, four others

….Freezes one BDC
By Emma Ujah, Abuja Bureau Chief
The Central Bank of Nigeria (CBN) has directed the immediate freezing of bank accounts belonging to five individuals and one Bureau de Change (BDC) over alleged links to terrorism financing.
The directive was contained in a circular dated June 24, 2026, with reference number CMD/FCS/PUB/CIR/002/01, addressed to all banks, payment service banks and other financial institutions regulated under the Banks and Other Financial Institutions Act (BOFIA) 2020.
The circular, titled “Implementation of Sanctions Designations – NIGSAC and OFAC (E.O. 13224, as Amended),” was signed by Olubunmi Ayodele-Oni on behalf of the Director of the CBN Co...