The Special Control Unit Against Money Laundering (SCUML) of the Economic and Financial Crimes Commission (EFCC) has sealed the premises of two companies in Sokoto State for failing to comply with extant anti-money laundering regulations.
The affected firms, Iman Multi Structures Ltd and Daraja Motors, both classified as Designated Non-Financial Businesses and Professions (DNFBPs), were shut down on Monday, September 29, 2025.
According to the EFCC, the companies had earlier been sanctioned and fined on June 18 and August 13, 2025, respectively, for breaching provisions of the Money Laundering (Prevention and Prohibition) Act 2022 and the EFCC AML/CFT/CPF Regulations 2024.
However, despite the sanctions, the firms reportedly failed to remit the fines to the government within the stipulated timeframe.
Assistant Commander of the EFCC and SCUML Zonal Coordinator, ACE Ahmadu Bello, said investigations revealed that the ultimatum given to the companies to pay the fines expired over a month ago.
He noted that the sealed premises would remain under lock until full compliance with the law is achieved.
