This post was originally published on this site.
The CBN has directed all banks and financial institutions to immediately freeze assets of six designated individuals linked to terrorism financingFour Nigeria-based Bureaux de Change were also designated as owned or controlled by the sanctioned individuals under NIGSAC and OFAC listingsBanks must submit compliance reports within 48 hours and file Suspicious Transaction Reports for any confirmed or attempted matches
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Central Bank of Nigeria (CBN) has ordered all banks and financial institutions to immediately freeze the assets of six individuals and four Bureaux de Change (BDCs) designated on terrorism financing sanctions lists, in a circular issued on Wednesday, June 24, 2026.
The directive was issued pursuant to designations by the Nigeria Sanctions Committee (NIGSAC) and the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) under Executive Order 13224, as amended, relating to
