The Central Bank of Nigeria (CBN) is intensifying oversight of banks and other financial institutions to address risks of terrorism financing. The CBN says it is increasing surveillance and strengthening transaction monitoring to prevent the financial system from being exploited by illicit actors.
Both outlets report that the CBN is elevating terrorism-financing supervision to a key supervisory priority. In one account, the change is framed as making terrorism financing supervision a “major” priority, while another emphasizes that supervision has been raised to a current supervisory priority. The coverage highlights the same general direction: more attention to how institutions monitor and manage terrorism-financing-related risks.
While the sources differ slightly in wording and emphasis—one focusing on tightening surveillance and supervision priority, the other on the priority status itself—they describe a consistent set of actions by the CBN centered on enhanced monitoring and risk-focused supervision. The reports do not provide specific enforcement measures, timelines, or details on which institutions are affected beyond banks and related financial entities.
