{
  "id": 6315984,
  "title": "CBN makes terrorism financing supervision major priority",
  "url": "https://urgent.news/2026/09/08/cbn-makes-terrorism-financing-supervision-major-priority",
  "topic": "world",
  "section": "World",
  "published": "2026-09-08T19:42:29.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/09/08/cbn-makes-terrorism-financing-supervision-major-priority/"
  },
  "original_language": "en",
  "account": "The Central Bank of Nigeria (CBN) has declared combating terrorism financing a top priority, in a bid to safeguard the nation's financial system from illicit activities. Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Alli, outlined the bank's new focus in a statement, which includes terrorism financing risk management, transaction monitoring, implementation of targeted financial sanctions, and reporting of suspicious transactions related to terrorism financing.\n\nThe CBN intends to employ a \"risk-based supervisory approach,\" encompassing on-site and off-site monitoring, to bolster anti-money laundering and counter-terrorism financing measures across the financial sector. This initiative adheres to existing legal and regulatory obligations, and will be carried out in line with these legal frameworks.\n\nThe CBN's move to prioritize terrorism financing supervision is in support of Nigeria's ongoing domestic and international cooperation aimed at counter-terrorism financing, counter proliferation financing, financial integrity, and the protection of the financial system. The bank stated that additional supervisory engagements will be conducted as necessary.\n\nThe CBN's initiative is part of its ongoing efforts to shield Nigeria's financial system from illicit actors and bolster the country's financial integrity on both domestic and international scales.",
  "summary": "The Central Bank of Nigeria (CBN) has made terrorism financing supervision a major priority as it intensifies efforts to protect the country’s financial system from illegal activities. In a statement signed by its Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Alli, the apex bank said the new focus would cover “terrorism financing risk […] CBN makes terrorism…",
  "key_points": [
    "CBN prioritizes terrorism financing supervision to protect Nigeria's financial system.",
    "Bank adopts risk-based supervisory approach with on-site and off-site monitoring.",
    "Initiative aligns with Nigeria's domestic and international anti-terrorist financing efforts."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}