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CBN Tightens Watch on Terrorism Financing Risks Across Financial Sector

The Central Bank of Nigeria (CBN) has intensified its supervisory focus on terrorism financing, making it a current priority in its efforts to prevent the country’s financial system from being exploited by illicit actors. The apex bank disclosed this in a statement signed by its Acting Director, Corporate Communications and Investor Relations Department, Hakama Sidi-Ali. […]

EFCC Files 12-Count Charge Against Bodejo Over Alleged $2.53m Illicit Cash Transactions

The Economic and Financial Crimes Commission (EFCC) is set to arraign Bello Bodejo before the Federal High Court in Abuja over allegations of terrorism financing and money laundering involving $2.53 million. The Commission filed a 12-count charge before the court on Monday, June 22, 2026, alleging that Bodejo received and possessed substantial sums of foreign […]

CBN Orders Banks to Freeze Assets Linked to Terrorism Financing

The Central Bank of Nigeria (CBN) on Thursday directed banks and other financial institutions to immediately freeze all transactions, accounts, and assets linked to six individuals and four Bureau de Change (BDC) operators designated for terrorism financing. The directive was contained in a circular dated June 24, 2026 (Ref: CMD/FCS/PUB/CIR/002/011), obtained by Channels Television. According […]

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