The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze all accounts, transactions, and assets linked to six individuals and four Bureau De Change (BDC) operators over alleged terrorism financing.
The directive was contained in a circular dated June 24, 2026, referenced CMD/FCS/PUB/CIR/002/011.
CBN said the order follows the updated Nigeria Sanctions List effective from June 18, 2026, which is binding on all regulated institutions.
The apex bank also referenced sanctions issued by the Nigeria Sanctions Committee and the United States Office of Foreign Assets Control (OFAC) under Executive Order 13224.
The six affected individuals include Muktar Muhammad Adamu, Babangida Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim Abubakar, Adamu Chiroma, and Yakubu Ogirima Ibrahim.
The four listed BDC firms are Generation Currency Bureau De Change Limited, Manhattan Bureau De Change Limited, Nine to Nine Exchange Bureau De Change Limited, and Abbal Bako & Sons Bureau De Change Limited.
The move follows US sanctions on a Lagos-based BDC operator accused of facilitating transactions for ISWAP, alongside associated firms.
CBN said full compliance with the directive is mandatory for all regulated financial institutions.