SEC Freezes Assets of 13 Entities Over Terror Financing Links
The Securities and Exchange Commission (SEC) has ordered an immediate freeze on the assets of 13 newly designated entities allegedly linked to terrorism financing within Nigeria’s capital market.
According to the Commission, the directive affects 10 individuals and three corporate bodies recently listed on the Nigeria Sanctions List by the Nigeria Sanctions Committee.
In a circular titled “Commission’s sweeping compliance directive issued to capital market operators,” the SEC said the action is based on the provisions of the Terrorism (Prevention and Prohibition) Act 2022, which mandates the immediate freezing of assets belonging to designated persons and organisations without prior notice.
The Commission instructed all capital market operators to fully comply with the order, stre...










