The Federal Government has stepped up efforts to combat terrorism financing by releasing a list of 48 individuals and organisations suspected of supporting extremist activities nationwide.
The move, described as a major step toward dismantling financial networks linked to insurgency, was carried out by the Nigerian Sanctions Committee in partnership with the Nigerian Financial Intelligence Unit. The initiative forms part of broader national actions to identify, monitor, and penalise those connected to terrorism funding.
Authorities have directed all financial institutions across the country to immediately freeze accounts associated with the listed names. Banks and other financial operators were also instructed to closely monitor and report any suspicious transactions tied to these individuals and entities.
According to officials, several of those named are allegedly linked to banned groups such as the Indigenous People of Biafra, Ansaru, and the Islamic State West Africa Province, among other networks.
The sanctions list, compiled between March 2024 and March 2025, includes multiple individuals and organisations believed to be involved in financing extremist operations. The government emphasised that the action aligns with provisions of the Terrorism (Prevention and Prohibition) Act 2022, which empowers authorities to freeze assets, track financial movements, and disrupt support systems for terrorist activities.
Officials noted that the release of the list is part of an ongoing process, adding that investigations into terrorism financing are still in progress. They also warned that anyone found guilty under the law will face prosecution.
The government reaffirmed its commitment to strengthening national security and cutting off financial support to extremist groups operating within the country.
