FG Targets Terror Financing, Freezes Assets of 48 Suspects Nationwide
Korede Abdullah 
ABUJA, Nigeria – The Federal Government orders the freezing of assets linked to 48 individuals and entities accused of financing terrorism, intensifying efforts to disrupt extremist networks across Nigeria.
The expanded sanctions list, released by the Nigeria Sanctions Committee, includes high-profile names such as Tukur Mamu and Simon Ekpa, alongside several Bureau De Change operators.
Authorities say the action targets financial networks supporting groups including Boko Haram, Islamic State West Africa Province, Indigenous People of Biafra and Ansaru.
“Financial institutions must immediately identify and freeze all assets belonging to designated persons without prior notice,” the committee says.
Officials describe the move as part of a broader strategy to curb illicit financial flows and dismantle funding channels linked to terrorism.
The government notes that the Nigeria Sanctions List remains subject to updates as investigations expand.
“This designation is based on credible intelligence linking the affected persons and organisations to terrorism financing,” an official says.
Earlier sanctions in 2024 had identified fewer suspects, but the latest update reflects growing concerns over cross-border transactions and local collaborators.
Authorities warn that enforcement will be strict to deter further financial support for extremist groups.
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Edino Chubiyo Cornelius 
Chukwu Obinna 
Oluwatobi Adu