SEC Orders Capital Market Operators to Freeze Assets Traced to 9 Terrorism Financiers

•⁠ ⁠Admits blockchain into its accelerated regulatory incubation programme

Ndubuisi Francis in Abuja and Emma Okonji in Lagos

The Securities and Exchange Commission (SEC) has directed Capital Market Operators (CMOs) to freeze assets, including monies traced to six individuals and three entities on the Nigeria Sanctions List.

This comes as the Commission has admitted blockchain into its Accelerated Regulatory Incubation Programme (ARIP), marking an important step in the company’s long-term commitment to Nigeria and its broader expansion across Africa.

The Commission which conveyed its directive to CMOs via a circular to all Capital Market Regulated Entities (CMREs), said the action was made in line with the Terrorism Prevention and Prohibition Act (TPPA) 2022.