SEC freezes assets allegedly linked to six terrorist financiers
The SEC has frozen assets linked to six individuals and three entities designated as terrorist financiers by the Nigeria Sanctions Committee. Read More: https://punchng.com/sec-freezes-assets-allegedly-linked-to-six-terrorist-financiers/
The Securities and Exchange Commission (SEC) in Nigeria has ordered capital market operators to freeze the assets and funds of six individuals and three corporate entities designated as terrorist financiers by the Nigeria Sanctions Committee. This move is in line with the Terrorism Prevention and Prohibition Act 2022. The six individuals include Babangida Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim Abubakar, Adamu Chiroma, Muktar Muhammad Adamu, and Yakubu Ogirima Ibrahim.
The three corporate entities are Nine to Nine BDC Ltd, Generation Currency BDC Ltd, and Abbal Bako & Sons Bureau de Change. The SEC's directive is aimed at disrupting the financial operations of insurgent groups, particularly those operating in the North-East and North-Central regions of the country.
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