Nigeria’s Securities and Exchange Commission (SEC) directs capital market operators to blacklist six individuals and three entities linked to alleged terrorism financing. In a circular to all Capital Market Regulated Entities (CMREs) issued on Friday, the regulator says the designations are made in line with Nigeria’s Terrorism Prevention and Prohibition Act (TPPA) 2022.
The outlets report that the SEC’s circular requires operators to freeze funds, assets, and other economic resources associated with the designated parties. One source also notes that the designations are tied to decisions by the Nigeria Sanctions Committee (NSC), which is described as having designated the individuals and entities as terrorist financiers.
While the coverage is largely aligned on the number of listed persons and entities, and the instruction to freeze related resources, the outlets differ slightly in emphasis. One report frames the action as “ordering operators to blacklist,” while another stresses that the SEC is implementing the NSC designations through the CMREs under the TPPA 2022 framework.
