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FG has frozen the bank accounts of Simon Ekpa and 16 others over alleged involvement in terrorism financing.
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The move follows a meeting by the Nigeria Sanctions Committee in Abuja, based on the Terrorism (Prevention and Prohibition) Act of 2022.
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The sanctioned individuals and entities have been placed on the Nigeria Sanctions List, allowing authorities to freeze their funds, assets, and other financial resources without prior notice.
The Federal Government has taken drastic measures against individuals and entities suspected of financing terrorism, freezing the bank accounts of Simon Ekpa and 16 others.
This decision follows a meeting by the Nigeria Sanctions Committee in Abuja, held in accordance with the Terrorism (Prevention and Prohibition) Act of 2022.
According to reports, the Nigerian Financial Intelligence Unit (NFIU) confirmed that the move was authorized by the Attorney-General of the Federation, with the approval of President Bola Tinubu.
The sanctioned individuals and entities have been placed on the Nigeria Sanctions List, which enables authorities to freeze their funds, assets, and other financial resources without prior notice.
The affected individuals include Simon Ekpa, Godstime Promise Iyare, Francis Chukwuedo Mmaduabuchi, and 14 others.
The list also includes several companies, such as Igwe Ka Ala Enterprises, Seficuvi Global Company, and Lakurawa Group. Financial institutions and relevant agencies have been instructed to ensure a total freeze on all accounts linked to the affected individuals and entities.
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As part of the enforcement, authorities have directed that any suspicious financial transactions related to these individuals or organizations be reported to the Sanctions Committee and the NFIU for further investigation.
The freeze extends to all assets owned or controlled by the sanctioned individuals, whether directly or indirectly.
The government has urged financial institutions to comply fully with the order and submit reports on any assets frozen.
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