CBN Makes Terrorism Financing Supervision a Priority
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has made the supervision of terrorism financing risks a priority as part of efforts to prevent the country’s financial system from being exploited by illicit actors. The apex bank said its supervisory activities would focus on how financial institutions identify, assess and manage terrorism financing risks, […]
SEC Orders Freeze of Assets Linked to 9 Terrorism Financiers
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has directed capital market operators to freeze the funds, assets and economic resources of six individuals and three entities designated as terrorism financiers. SEC issued the directive in a circular on Friday to all Capital Market Regulated Entities (CMREs), citing the Terrorism Prevention and Prohibition Act, […]
Police Create Proceeds of Crime Section to Fight Terror Financing
By Oluwakemi Kindness The Nigeria Police Force has established a Proceeds of Crime Section to strengthen its efforts against money laundering, terrorism financing and other financial crimes. The new section will be headed by a Deputy Commissioner of Police and is expected to enhance the Force’s capacity to trace and disrupt the financial networks supporting […]
Police, NFIU Strengthen Anti-Money Laundering Fight
By Oluwakemi Kindness The Nigeria Police Force (NPF) and the Nigerian Financial Intelligence Unit (NFIU) have renewed their partnership to strengthen the fight against money laundering, terrorism financing and organised crime as Nigeria prepares for the 2027 Financial Action Task Force (FATF) mutual evaluation. The renewed collaboration was announced on Tuesday during a strategic meeting […]
CBN Orders Banks to Freeze Six Terrorism Finance Accounts
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has directed banks, payment service banks and other regulated financial institutions to immediately freeze the accounts and assets of six individuals and four Bureau de Change operators over alleged links to terrorism financingThe Central Bank of Nigeria (CBN) has directed banks, payment service banks and other […]
Customs Intensifies Fight Against Terror Financing, Others
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has reiterated its commitment to stronger inter-agency collaboration, intelligence sharing, and coordinated enforcement against terrorism financing, money laundering, wildlife trafficking, and other transnational organised crimes. The Comptroller-General of Customs, AdewaleThe Nigeria Customs Service (NCS) has reiterated its commitment to stronger inter-agency collaboration, intelligence sharing, and coordinated enforcement […]