#sanctions

Yemi Adaramodu, Chairman of the Senate Committee on Media and Public Affairs, stated that governors who misuse state police will face sanctions. He made this comment during an interview on Arise Television, following the Senate's passage of the controversial State Police Bill. Adaramodu emphasized the need for accountability among state governors regarding the use of state police.

The Federal Government of Nigeria has instructed financial institutions and designated non-financial businesses to comply with sanctions by freezing the assets of individuals financing terrorism. This directive follows sanctions imposed on a Nigerian financier linked to ISIS and three others. The government aims to enhance measures against terrorism financing in 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.

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.

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.

U.S. Secretary Marco Rubio stated that Washington opposes charging fees for the use of international waterways, emphasizing the expectation for countries to adhere to commitments made in Switzerland. He mentioned that if these commitments are not met, the President has various options available, including the potential reversal of sanctions, although he did not confirm any specific actions would be taken.

The United States government has sanctioned a Nigerian citizen and three Nigeria-based companies for allegedly facilitating financial transactions linked to the Islamic State of Iraq and Syria (ISIS), according to Ripples Nigeria. This action is part of a broader effort to combat terrorism financing.

The United States has eased oil sanctions on Iran for a period of 60 days following Iran's agreement to permit international nuclear inspections. This development comes on the 116th day of the ongoing conflict, while a ceasefire in Lebanon remains in effect, according to Al Jazeera.