…begun assessing the vulnerability of non-profit organisations (NPOs) in Niger State to terrorism financing. The exercise is being conducted by the commission’s Special Control Unit against Money Laundering (SCUML) to identify gaps that could allow legitimate organisations to be exploited for illicit financial activitie…

…activities, as well as regulatory submissions relating to anti-money laundering, counter-terrorism financing and counter-proliferation financing compliance. It noted that it collaborates with the Central Bank of Nigeria, National Insurance Commission, Securities and Exchange Commission and the Special Control Unit Agai…

…the Terrorism Prevention and Prohibition Act of 2022. The charges relate to alleged terrorism financing, material support for terrorist groups and financial transactions connected to the Islamic State West Africa Province (ISWAP), Punch reports.Hammajam was designated on June 18 for alleged financing and direct support…

…Police Force and the Nigeria Financial Intelligence Unit to combat money laundering, terrorism financing and other financial crimes. Disu gave the assurance while receiving the Director and Chief Executive Officer of the NFIU, Hafsat Bakari, during a courtesy visit to the Force Headquarters in Abuja. According to a sta…

…gaps in others, the country has been exposed to risks including money laundering, terrorism financing, cybersecurity and data privacy threats, fraud, and revenue losses. “Too often, unregistered and fraudulent operators have exploited these gaps to prey on unsuspecting Nigerians, costing families their savings,” the st…

…organisations (NPOs) that fall within FATF’s definition should be subjected to counter-terrorism financing measures, stressing that regulation must be risk-based, proportionate and should not indiscriminately target the entire non-profit sector. He warned that many countries continued to over-regulate civil society org…

…of non-profit organisations could undermine humanitarian work while doing little to curb terrorism financing. The call was made on Wednesday in Abuja during the 3rd Africa High-Level Civil Society Anti-Money Laundering and Counter Financing of Terrorism Conference, themed “Implementing FATF Recommendation 8 Correctly:…

…part of ongoing efforts by security agencies to prosecute those who enable banditry and terrorism financing by withholding useful intelligence around the country," a security source stated. by Linda Ikeji at 13/07/2026 10:34 PM | Share this Story

…removal from the European Union's list of high-risk countries for money laundering and terrorism financing reflects years of institutional reform, stronger regulatory frameworks, improved inter-agency coordination, and enhanced international cooperation. Financial intelligence, sanctions implementation, beneficial owne…

…used to channel funds for the terrorist organisation. Authorities have long identified terrorism financing as a critical enabler of terrorist activities. Over the years, several BDC operators and their associates have come under investigation for alleged links to terror financing. During the administration of former Pr…