The Central Bank of Nigeria (CBN) has directed all banks, Payment Service Banks, and other financial institutions in the country to immediately identify and freeze accounts, funds, and assets linked to six individuals and four bureaux de change designated under terrorism-related sanctions.
The directive was contained in a circular issued by the CBN Compliance Department on June 24, 2026, and signed on behalf of the Director of the department by Olubunmi Ayodele-Oni.
According to the circular, the sanctions were issued by the Nigeria Sanctions Committee (NIGSAC) and the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) pursuant to Executive Order 13224, as amended, which targets terrorism and terrorism financing.
The apex bank noted that the Nigeria Sanctions List was updated on June 18, 2026, and that the designations are binding on all regulated financial institutions.
The individuals listed in the sanctions designation are: Muktar Muhammad Adamu, Babangida, Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim Abubakar Adamu Chiroma and Yakubu Ogirima Ibrahim.
