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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.

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.

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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Insecurity Will Soon Be Defeated, Akpabio Assures Nigerians

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Senate President Godswill Akpabio has assured citizens that the federal government will soon overcome the nation’s security challenges through a renewed, proactive strategy by security forces.....KINDLY READ THE FULL STORY HERE▶

Speaking in support of President Bola Tinubu’s Renewed Hope Agenda, Akpabio emphasized that safety is vital for economic growth, noting that no local business or foreign investor can thrive in an atmosphere of chaos. He highlighted that security agencies have transitioned from a reactive stance to taking the fight directly to the enclaves of criminals, bandits, and insurgents.

Key highlights from his address include:

  • Collective Responsibility: Akpabio stressed that military hardware alone cannot end criminality, urging citizens to partner with security agencies by providing timely and credible intelligence.

  • Economic and Banking Resilience: He declared that Nigeria’s banking sector has shifted from survival to absolute dominance, becoming one of the safest and most technologically advanced in Africa.

  • Reforms Yielding Results: He credited ongoing bank recapitalisation and financial reforms for ending the era where banks could suddenly collapse and cause depositors to lose their savings.

Ultimately, the Senate President maintained that a combination of proactive security operations, economic reforms, and civic cooperation will drive Nigeria’s path toward lasting recovery and national development.

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‘So Many In A Cell – Gov Bago Breaks Silence On Death Of 37 Miners In NSCDC Custody

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Niger State Governor Mohammed Umaru Bago has addressed the tragic deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Minna.....KINDLY READ THE FULL STORY HERE▶

  • Severe Overcrowding: Governor Bago confirmed that NSCDC holding facilities were severely overcrowded, stating that “so many [were] in a cell” designed for a much smaller capacity.

  • Potential Causes Under Investigation: While highlighting the dangerous overcrowding, the governor also pointed to possible poisoning as a contributing factor, citing the victims’ foam-filled mouths and the presence of chemical substances at the arrest site.

  • Accountability and Autopsies: The state government has suspended the NSCDC Commandant and his team. Investigations, including autopsies and toxicology reports, are being conducted by multiple agencies, including the police and DSS.

  • Call for Calm: Governor Bago ordered the closure of the mining site in question and appealed to the public to remain calm and avoid unrest as the investigation proceeds.

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“POLITICAL BLOODSHED: Notorious Gunmen Assassinate Popular Enugu Politician In Midnight Ambush!”

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Prince Ikechukwu Oloto, a well-known politician in Enugu State also known as Okanga Moo, has been brutally murdered by unknown attackers in Nsukka Local Government Area.....KINDLY READ THE FULL STORY HERE▶

  • The Attack: Oloto was reportedly ambushed and killed on Thursday evening inside his residence located in the Odenigbo area of Nsukka.

  • Confirmation: Social media influencer Sen. Chijinkem Ugwuanyi confirmed the tragic incident on Facebook, stating that the politician was brutally attacked and cut into pieces.

  • Police Status: At the time of reporting, the exact circumstances surrounding the assassination remain unclear, and the Enugu State Police Command has yet to release an official statement.

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