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FG Unveils 15 Entities Involved in Terrorism Financing

Federal Authorities Crack Down on Terrorism Financing Networks

In a bold move against terrorism financing, the Nigerian government has revealed the identities of 15 entities allegedly involved in funding terrorist activities. The announcement, made by the Nigerian Financial Intelligence Unit (NFIU), underscores the government’s commitment to combatting terrorism within its borders.

According to a statement from the NFIU, the Nigeria Sanctions Committee convened on March 18, 2024, to recommend sanctions against specific individuals and entities implicated in terrorism financing. These measures come as part of ongoing efforts to disrupt the flow of funds to terrorist organizations operating in the country.

Among the entities named in the document are nine individuals and six Bureau De Change operators and firms. Notable among them is a Kaduna-based publisher, Tukur Mamu, who is currently facing charges for allegedly aiding terrorists involved in the Abuja-Kaduna train attack.

The document also identifies individuals linked to various terrorist activities, including attacks on religious institutions and correctional facilities. Additionally, financial couriers responsible for disbursing funds to terrorist fighters’ families have been singled out for scrutiny.

In accordance with the Terrorism (Prevention and Prohibition) Act, institutions and individuals are required to freeze all funds and assets belonging to the designated persons and entities and report them to the Sanctions Committee. Failure to comply with these directives could result in severe penalties.

The government’s crackdown on terrorism financing reflects its determination to root out terrorism at its source and safeguard the security of its citizens. As the investigation unfolds, authorities remain vigilant in tracking down and disrupting the networks fueling terrorist activities in the country.

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