EFCC to Arraign Suspects and Firms in ISIS Terrorism Financing Case
The Economic and Financial Crimes Commission will soon charge a suspect and three companies over alleged financing of the Islamic State group in Nigeria. Investigations by Nigerian security agencies and international partners are complete, and court papers will be filed shortly. Bello Abdullahi Bodejo faces a 12-count charge in Abuja over receiving and possessing $2.53 million in cash linked to unlawful activities. Documents allege multiple cash transactions—from $100,000 in January 2022 to $980,000 in February 2024—breaching Nigeria’s money laundering laws. Separately, the Nigeria Sanctions Committee welcomed foreign asset freezes on several businessmen and Bureau de Change operators accused of supporting the Islamic State West Africa Province. The committee has directed banks and financial institutions to freeze designated assets and report suspicious transactions. The Federal Government reaffirmed its commitment to cutting off terrorist groups from Nigeria’s financial system and praised inter-agency cooperation in disrupting these networks.
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