… Orders Lenders to submit reports within 48 hours
The Central Bank of Nigeria (CBN) on Thursday directed banks, payment service banks and other financial institutions to immediately identify and freeze accounts, assets and economic resources linked to six individuals and four bureaux de change (BDCs) designated under Nigeria’s and the United States’ terrorism financing sanctions regimes.
In a circular dated June 24, 2026 and signed by Olubunmi Ayodele-Oni for the director of the CBN’s Compliance Department, the apex bank said the sanctions designations were issued by the Nigeria Sanctions Committee (NIGSAC) and the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) pursuant to Executive Order 13224, as amended.
“The Nigeria Sanctions List has been updated as at June 18, 2026. These designations constitute binding sanctions measures requiring immediate implementation by all regulated entities,” the CBN stated.
The six individuals added to the sanctions list are
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