The Nigerian government has released a list of individuals and Bureau De Change (BDCs) sanctioned for their suspected involvement in terrorism financing, including Tukur Mamu.
The Nigerian Financial Intelligence Unit (NFIU) is the Nigerian federal agency responsible for collecting and analyzing disclosures from reporting organizations, to produce financial intelligence to other agencies combating money laundering, terrorism financing, and other financial crimes. It acts as the Financial Intelligence Unit for Nigeria.
The NFIU was established in 2004 as an autonomous unit within the central coordinating body for the country’s Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing (AML/CFT/CPF) framework of the Central Bank of Nigeria. It also operates as part of the Economic and Financial Crimes Commission.
Earlier today, ASHENEWS reported HERE that the publisher of Desert Herald was sanctioned by the Nigerian Financial Intelligence Unit, among 15 other individuals and organizations for allegedly engaging in terrorism financing.
On the list of individuals facing sanctions are people:
- Tukur Mamu
- Yusuf Ghazali
- Muhammad Sani
- Abubakar Muhammad
- Sallamudeen Hassan
- Adamu Ishak
- Hassana-Oyiza Isah
- Abdulkareem Musa,
- Umar Abdullahi
ALSO READ FG lists Kaduna-based publisher, Mamu among ’15 terrorism financiers’
The six BDCs and companies are:
- West and East Africa General Trading Company Limited
- Settings Bureau De Change Limited
- G. Side General Enterprises
- Desert Exchange Ventures Limited
- Eagle Square General Trading Company Limited
- Alfa Exchange BDC
Terrorism financing is the provision of funds or providing financial support to individual terrorists or non-state actors. Most countries have implemented measures to counter-terrorism financing (CTF) often as part of their money laundering laws.
Some countries and multinational organizations have created a list of organizations that they regard as terrorist organizations, though there is no consistency as to which organizations are designated as being terrorists by each country.
The Financial Action Task Force on Money Laundering (FATF) has made recommendations to members relating to CTF. It has created a Blacklist and Greylist of countries that have not taken adequate CTF action.
