SEC Clamps Down On Terror Funds
The Securities and Exchange Commission has ordered the immediate freezing of assets linked to 13 newly identified entities over alleged ties to terrorism financing.
The directive affects accounts and investments within Nigeria’s capital market.
Regulators said the move is part of efforts to protect the financial system and prevent illicit funds from flowing through investment channels.
Market operators were instructed to comply without delay and report any related transactions.
The action follows growing concerns about the use of financial platforms to support unlawful activities.
Authorities said tighter monitoring and enforcement would continue as part of broader financial security measures.
The commission added that the step is aimed at strengthening investor confidence and maintaining market integrity, while investigations into the affected entities continue.
