By Obas Esiedesa, Abuja
The Securities and Exchange Commission (SEC) has directed capital market operators to freeze the funds, assets and other economic resources belonging to six individuals and three entities designated as terrorist financiers by the Nigeria Sanctions Committee (NSC).
The SEC, in a circular to all Capital Market Regulated Entities (CMREs) on Friday said the designations were made in line with the Terrorism Prevention and Prohibition Act (TPPA) 2022.
The six individuals are Babangida Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim Abubakar, Adamu Chiroma, Muktar Muhammad Adamu and Yakubu Ogirima Ibrahim.
The three designated entities are Nine to Nine BDC Ltd, Generation Currency BDC Ltd and Abbal Bako & Sons Bureau de Change.
