Nigerian SEC Orders Immediate Asset Freeze Over Terror Financing Allegations

Nigeria is tightening the noose on terrorism financing with a sweeping directive from its Securities and Exchange Commission (SEC). Effective immediately, all capital market operators have been ordered to freeze the assets of ten individuals and three entities recently added to the nation's sanctions list. This crackdown follows approval by the Nigeria Sanctions Committee under the Terrorism (Prevention and Prohibition) Act of 2022. The SEC's circular outlined specific measures targeting financi