The Nigeria Financial Intelligence Unit (NFIU) has officially identified 15 organizations, comprising nine persons and six Bureau De Change businesses, for their participation in terrorism funding.
The Nigerian Sanctions Committee revealed the list of sanctioned entities on March 18, 2024, with President Bola Tinubu's assent and the Federation's Attorney General, Lateef Fagbemi.
This move, aimed at curbing terrorism financing within the nation, places nine individuals and six Bureau De Change firms under strict financial scrutiny.
One of those identified is Tukur Mamu, a Kaduna-based publisher, accused of supporting terrorists by aiding in the ransom payment of more than $200,000 to ISWAP militants for the release of hostages taken during the Abuja-Kaduna train incident in March 2022.
The designations are part of Nigeria's greater objective to conform with international best practices in the fight against terrorism and finance.
The Nigerian Financial Intelligence Unit, which serves as the Sanctions Committee's secretariat, is critical in analysing and sharing information on entities that finance terrorism. This methodical strategy not only targets persons and businesses in Nigeria, but also attempts to meet with worldwide terrorism prevention standards.
