FG Orders Banks to Freeze Assets of ISIS Financiers, Adds Six More Targets

The Federal Government has directed all banks and designated non-financial businesses to freeze assets linked to suspected terrorism financiers. This follows US sanctions on a Lagos-based ISIS funds mover and three associated Bureaux De Change. On June 18, the FG added six more individuals and another BDC to its sanctions list. Names include Ibrahim Yakubu Ogirima, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Umar Usman, Babangida Muhammed, Adamu Hammajam, and Abbal Bako & Sons Bureau De Change. The Nigerian Sanctions Committee urged full compliance with asset-freezing rules, filing of Suspicious Transaction Reports, and prompt reporting of matches to relevant authorities.

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