The Nigeria Sanctions Committee (NSC) has identified Simon Ekpa, an extremist group, Lakurawa, and 15 other individuals and entities as terrorist financiers. This decision was made after a meeting on March 6, 2025, and is aimed at disrupting the financial networks of these individuals and entities.
Key Takeaways:
- Immediate Freeze on Assets: The Chairman of NSC has ordered all financial institutions and designated non-financial businesses to immediately identify and freeze all funds, assets, and economic resources belonging to the designated persons and entities.
- Reporting Requirements: The frozen assets must be reported to the Secretariat of the NSC.
- Comprehensive Enforcement: Freezing measures should be extended to all accounts associated with the designated subjects, including accounts linked to their signatories and directors.
This order is made under the provisions of Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022. The NSC’s actions are part of a broader effort to combat terrorism and disrupt its financing networks.
As the NSC continues to take decisive action against terrorist financiers, it is essential to recognize the importance of disrupting these networks to prevent further harm. Terrorism should be discouraged, and it is crucial that we support efforts to combat it.