Top Story

FG identifies 15 BDCs, other funders of terrorism, plans sanctions 

According to the document, the Nigeria Sanctions Committee met on March 18, 2024, and during that meeting, it was proposed that certain people and organisations be sanctioned for their role in financing terrorism.

713
The Federal Government says it has identified 15 organizations and persons who it believes are involved in financing terrorism, including six businesses and nine individuals that operate bureaus de change.

The Nigerian Financial Intelligence Unit provided information on the development in an email titled, “Designation of Individuals and Entities for March 18, 2024” on Tuesday night.

According to the document, the Nigeria Sanctions Committee met on March 18, 2024, and during that meeting, it was proposed that certain people and organisations be sanctioned for their role in financing terrorism.

“The Honourable Attorney General of the Federation, with the approval of the President, has thereupon designated the following individuals and entities to be listed on the Nigeria Sanctions List,” the document reads in part.

Among the individuals named in the document was a Kaduna-based publisher, Tukur Mamu, who is currently being tried by the Federal Government for allegedly aiding the terrorists who attacked the Abuja-Kaduna train in March 2022.

“Mamu participated in the financing of terrorism by receiving and delivering ransom payments over the sum of $200,000 US in support of ISWAP terrorists for the release of hostages of the Abuja-Kaduna train attack.”

The document said one of the individuals is “the suspected attacker of the St. Francis Catholic Church Owo, Ondo State on June 5, 2022 and the Kuje Correctional Center, Abuja on July 5, 2022.”

Another was described as “a member of the terrorist group Ansarul Muslimina Fi Biladissudam, the group is associated with Al-Qaeda in the Islamic Maghreb.

“The subject was trained and served under Muktar Belmokhtar, aka One Eyed Out, led Al-Murabtoun Katibat of AQIM in Algeria and Mali.”

The NFIU said the individual “specialises in designing terrorist clandestine communication code and he is also Improvised Explosive Device expert.

“The subject was also a gate keeper to ANSARU leader, Mohammed Usman aka Khalid Al-Bamawi. Equally, he was a courier and travel guide to AQIM Katibat in the desert of Algeria and Mali. He is into carpentry. Subject fled Kuje correctional centre on July 5, 2022. He is currently at large.”

Another was identified as “a senior commander of the Islamic State of West Africa Province Okene.”

The agency said, the individual “came into limelight in 2012 as North Central wing of Boko Haram.

“The group is suspected of the attacks carried out around Federal Capital Territory and the South West Geographical Zone, including the June 5, 2022 attack on St. Francis Catholic Church, Owo, Ondo State.”

Another was described as “a financial courier to ISWAP Okene. She is responsible for the disbursement of funds to the widows/wives of the terrorist fighters of the group.”

According to the document, another of the individuals “in 2015, transferred N60m to terrorism convicts.”

He was also said to have “received a sum of N189m  between 2016 and 2018.”

The same person is said to “own entities and business reported in the UAE court judgment as facilitating the transfer of terrorist funds from Dubai to Nigeria.”

Another individual was said to have “received a total of N57m from between 2014 and 2017.”

Another was said to have “had a total inflow of N61.4 bn and a total outflow of N51.7bn from his accounts.”

The document further revealed that, in accordance with Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, institutions and individuals are required to: “(a) immediately, identify and freeze, without prior notice, all funds, assets, and any other economic resources belonging to the designated persons and entities in your possession and report same to the Sanctions Committee;

“(b) report to the Sanctions Committee any assets frozen or actions taken in compliance with the prohibition requirements.

“(c) immediately file a Suspicious Transactions Report to the NFIU for further analysis on the financial activities of such an individual or entity; and

“(d) report as a Suspicious Transactions Report to the NFIU, all cases of name matching in financial transactions prior to or after receipt of this List. ”

It said the “The freezing obligation required above shall extend to

“(a) all funds or other assets that are owned or controlled by the designated persons and entities, and not only those that are tied to a particular act, plot, or threat of terrorism or terrorism financing;

“(b) those funds or other assets that are wholly or jointly owned or controlled, directly or indirectly, by designated persons or entities; “(c) the funds or other assets derived or generated from funds or other assets owned or controlled directly or indirectly by designated persons or entities; and

“(d) funds or other assets of persons and entities acting on behalf of, or at the direction of designated persons or entities.”

Leave a comment

Related Articles

Breaking: Pres. Tinubu orders release of #EndBadGovernance underage protesters

President Bola Tinubu has ordered the immediate release of all minors arrested...

Just in: Seven new ministers take oaths of office

President Bola Tinubu has sworn in seven newly appointed ministers, directing them...

Just in: Appeal Court acquits ex-CJN, Onnoghen, orders FG to unfreeze his account

The Court of Appeal sitting in Abuja on Monday discharged and acquitted...

ECOWAS, Nigeria, Morocco, Mauritania Commit to $26bln African Atlantic Gas Pipeline Project

“The project, conceived in 2016 during King Mohammed VI of Morocco’s visit...

#EndBadGovernance protests: AGF to Police: Transfer casefiles of 72 defendants to my office

The Attorney General of the Federation (AGF) and Minister of Justice, Prince...

Updated: Abuja Court grants N1.1 bln bail to 114 #EndBadGovernance protesters

A Federal High Court in Abuja has granted a N10 million bail...

Just in: 76 #EndBadGovernance protesters arraigned in Abuja

The detained 76 #EndBadGovernance protesters just arrived at the Federal High Court...

Breaking: 10 fatalities confirmed as building collapses in Ibadan

A weehours building collapse in Ibadan, the Oyo State capital, on Thursday...

Breaking: After five hours of screening, Senate confirms Bianca Ojukwu, six others as ministers

The Senate on Wednesday screened and confirmed the nominations of Ambassador Bianca...

Senate begins screening of seven ministerial nominees

The Senate has started screening the seven ministerial nominees of President Bola...

Alleged homosexuality: RCCG suspends two pastors, launches investigation

For allegedly breaching the church’s doctrine and the Holy Bible, two pastors...

Helicopter crash: NNPC Ltd. spokesman Soneye cancels golden jubilee birthday celebration in honour of departed souls

Mr. Olufemi Soneye, the chief corporate communications officer of the Nigerian National...

Biden in 30-minute phone call with Tinubu, hails Binance executive release

President Bola Tinubu and US President Joe Biden held a 30-minute phone...

Tinubu Receives Briefing on Local Currency Oil Sales Amid Pricing Disputes

President Bola Tinubu has received a briefing from the Implementation Committee on...

Kcee and Flavour engage in heated exchange over Igbo music style

The Nigerian music industry is once again witnessing a brewing fiery clash...

In Lagos, 150 Ajegunle widows, vulnerable lifted with food items, cash gifts

As part of efforts to provide succor and the much-needed support to...

Economic hardship: I’m not T-pain, you are mischievous, Tinubu replies Atiku

Former Vice President Atiku Abubakar has come under fire from the Presidency...

Just in: Air Peace denies plan to hike Lagos-Abuja airfare

Air Peace, one of Nigeria’s leading airlines, has dismissed rumours about raising...

Updated: Copter Crash: Search Still Ongoing, No Other Additional Bodies Found – NNPC Ltd’s Spokesman Soneyea

The Nigerian National Petroleum Company Ltd. (NNPC Ltd) has said beyond the...

Nigeria joins BRICS as partner country, to boost economic ties

Nigeria has become a partner country of the BRICS economic bloc, alongside...