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FG orders banks, others to freeze assets of terrorism financiers

 


FG orders  banks, others to freeze assets of terrorism financiers.


The Federal Government yesterday directed financial institutions and designated non-financial businesses and professions to maintain full compliance with sanctions obligations by freezing the assets of terrorists financiers.


The directive came against the backdrop of sanctions imposed on a Nigerian financier of ISIS, along with his three Bureaux De Change in Lagos and Kano, by the US government.


It will be recalled that the US government had used its Executive Order 13224, to sanction the Lagos-based financier, identified as Mukhtar Adamu Muhammad, 35, and the three BDCs,  including Generation Currency Bureau De Change Limited; Nine to Nine Exchange Bureau De Change Limited, and Manhattan Bureau De Change Limited; for allegedly moving funds for ISIS, as part of a sweeping action targeting the group’s financial networks across Europe, the Middle East and West Africa.


Visit: https://www.vanguardngr.com/2026/06/fg-orders-banks-others-to-freeze-assets-of-terrorism-financiers/ to read more. 

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