Nigeria's Federal Government is preparing to charge a Bureau de Change (BDC) operator who has been sanctioned by the United States for allegedly funding ISIS. This decision follows extensive investigations conducted by the Economic and Financial Crimes Commission (EFCC) and other agencies.

ABCON has expressed its condemnation of terrorism financing and voiced support for US sanctions, presenting a 7-point strategy aimed at improving compliance and protecting Nigeria's financial system. This initiative underscores the organization's commitment to addressing the issue of terrorism financing within the country.

The Federal Government of Nigeria has instructed financial institutions and designated non-financial businesses to comply with sanctions by freezing the assets of individuals and entities financing terrorism. This directive aims to enhance efforts in combating terrorism financing in the country, according to Vanguard.

The Economic and Financial Crimes Commission (EFCC) is preparing to charge a Lagos-based Bureau De Change (BDC) operator, Mukhtar, over allegations of terrorism financing. The EFCC has reportedly completed significant parts of its investigation into the matter, which is linked to a US blacklist.

The United States has designated a Nigerian national and three companies in Nigeria as alleged financial facilitators for the terrorist group, the Islamic State of Iraq and Syria. This action is part of a broader initiative that targets three individuals and six entities accused of facilitating the movement of funds for terrorist activities.

The federal government of Nigeria has issued a directive to banks in response to the identification of individuals and companies suspected of financing terrorism. This measure aims to enhance the monitoring and regulation of financial transactions related to these suspects.