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SEC Freezes Assets Of 13 Entities Over Terrorism Financing Links In Capital Market Crackdown.

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Nigeria’s Securities and Exchange Commission (SEC) has ordered the immediate freezing of assets belonging to 13 newly designated entities linked to terrorism financing in the capital market.....KINDLY READ THE FULL STORY HERE▶

The directive affects 10 individuals and three corporate entities, following their inclusion on the Nigeria Sanctions List by the Nigeria Sanctions Committee.

In a circular titled “Commission’s Sweeping Compliance Directive Issued to Capital Market Operators,” the SEC said the action is backed by the Terrorism (Prevention and Prohibition) Act, 2022, which requires the immediate freezing of funds, assets, and economic resources tied to designated persons or organisations without prior notice.

The Commission directed all Capital Market Operators and stakeholders to strictly comply, stressing that the order is binding and must be enforced without delay across the financial system.

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It stated that operators must immediately identify and freeze all linked assets and report both frozen accounts and attempted transactions to the Nigeria Sanctions Committee Secretariat.

According to the SEC, some of the affected individuals were previously convicted for terrorism financing by the Abu Dhabi Federal Court of Appeal in April 2019 over links to Boko Haram, involving fund transfers used to support terrorist activities.

The Commission noted that sentences handed down in the case ranged from 10 years to life imprisonment.

It also revealed that some of the listed entities were used as corporate fronts to move illicit funds, warning that this highlights the need for stronger monitoring of business structures within the financial system.

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The SEC clarified that the asset freeze is preventive, aimed at blocking financial networks used for terrorism before funds are deployed.

It warned that non-compliance would attract serious civil, criminal, and reputational consequences for financial institutions.

The directive also extends to Designated Non-Financial Businesses and Professions, as part of broader efforts to strengthen Nigeria’s anti-money laundering and counter-terrorism financing framework.

The Commission further stressed the need for real-time compliance, enhanced monitoring, and strict reporting by all operators, noting that failure to comply could damage institutional credibility both locally and internationally.

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Don’t Burn Tyres On New Roads — FERMA Begs Abia Residents.

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The Federal Road Maintenance Agency (FERMA) has appealed to residents of Abia State and other road users along the Aba–Azumini highway to protect the newly completed road from activities that could damage it.....KINDLY READ THE FULL STORY HERE▶

FERMA’s South-East 2 Zonal Director, Suleiman Mohammed Omonowo, issued the warning during an inspection of the project, cautioning against the burning of tyres during celebrations, which he said could damage the road surface.

He noted that destructive practices by some youths and community members often contribute to the early failure of road projects across the country.

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“Our advice to road users, especially indigenes, is to protect the road from destruction. Let nobody come and destroy it or burn tyres in the name of celebration,” he said.

Omonowo said the Aba–Azumini highway was previously in a very bad condition before FERMA intervened, describing it as a death trap for commuters and residents.

He also expressed satisfaction with the quality of work done on the project, adding that drainage structures such as catch pits would help prevent flooding and extend the lifespan of the road.

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According to him, the highway serves as a major link between Aba, several Abia communities, and Cross River State, carrying heavy traffic daily.

He urged local construction firms to improve on quality delivery to compete effectively with foreign contractors.

Meanwhile, the Federal Roads Maintenance Engineer in Abia State, Festus Okafor, said FERMA workers have not faced harassment or violence from residents during operations in the state.

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Correctional Service Declares Escaped Yobe Inmate Wanted Nationwide.

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The Nigerian Correctional Service (NCS), Yobe State Command, has declared a 30-year-old inmate wanted after he escaped following a road accident involving a prison transport vehicle.....KINDLY READ THE FULL STORY HERE▶

The incident reportedly occurred on April 13, 2026, while inmates were being conveyed from the Medium Security Custodial Centre in Potiskum to Damaturu.

In a statement issued in Damaturu, the Command’s Public Relations Officer, DSC Abdullahi Adamu, said the vehicle conveying the inmates was involved in a crash during the journey.

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He said the accident happened while efforts were ongoing to rescue those affected.

The escaped inmate was identified as Dahiru Mohammed, with prison number J/1539/24, who was admitted into custody on November 29, 2024.

The Correctional Service described him as dangerous and warned members of the public not to have any form of contact with him.

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It urged residents to report any useful information that could lead to his re-arrest to the nearest security agency.

Authorities also cautioned that harbouring a fugitive is a criminal offence punishable under the law.

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Court Orders UI To Reinstate Students Suspended Over Fee Hike Protest.

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The Federal High Court sitting in Ibadan, Oyo State, has ordered the University of Ibadan (UI) to reinstate three students suspended over their participation in a protest against tuition fee hikes.....KINDLY READ THE FULL STORY HERE▶

Delivering judgment on Wednesday, Justice Nkeonye Maha set aside the decision of the university’s Central Student Disciplinary Committee, ruling that the students were denied fair hearing during the disciplinary process.

The court held that the failure to allow the students call witnesses and present evidence violated their constitutional right to fair hearing, rendering the sanctions against them invalid.

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The affected students — Aduwo Ayodele, Mide Gbadegesin, and Nice Linus — were suspended on July 14, 2025, after taking part in a protest against increased school fees approved by the university’s governing council.

Dissatisfied with the suspension, they approached the court, arguing that the disciplinary proceedings breached their fundamental rights and due process.

They asked the court to quash the suspension, reinstate their studentship, and award damages for alleged rights violations.

In her ruling, Justice Maha agreed with their arguments, stating that the university’s actions failed to meet the standards of natural justice.

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Following the judgment, rights group CAPPA hailed the decision, urging the university to comply fully, reinstate the students, and issue an apology.

The group said the ruling reinforces constitutional protections for freedom of expression and serves as a warning against the suppression of student protests in tertiary institutions.

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