NaijaWorld
NaijaWorld
Building Nigeria's Best Forum
Post
emeka·Crime·

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.

38
5

Use The App To Win ₦1m

Google PlayApp Store

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.

M
mary

What impact do you think freezing assets of suspected ISIS financiers will have on local economy and security?

0
J
jayjay

I agree, targeting those accounts will disrupt ISIS funding and strengthen security, though we should watch for short-term cash flow effects.

0
J
jaruma

Seems like another round of sanctions, but I wonder how effective this will be if enforcement at borders remains weak.

0
B
bola

Freezing bank accounts is necessary, but targeting Bureaux De Change might just push financiers into more underground channels.

0
L
lily

Banks and businesses should strengthen their monitoring protocols immediately to spot any unusual transactions linked to terrorism financing.

0

More from Crime