The Federal Government has released a list of 48 individuals and entities allegedly involved in financing terrorism across Nigeria, as part of intensified efforts to dismantle extremist networks.
The list, published on Saturday by the Nigeria Sanctions Committee (NIGSAC), identifies persons and organisations suspected of providing financial and logistical support to terrorist groups operating within and outside the country.
Authorities said those named have links to outlawed groups, including the Indigenous People of Biafra (IPOB), Ansaru, and the Islamic State West Africa Province (ISWAP).
As part of the sanctions, the government directed all financial institutions to immediately freeze bank accounts and assets associated with the listed individuals and entities. Banks and other financial operators were also ordered to flag and report suspicious transactions connected to the suspects.
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The move follows the conclusion of a major terrorism-related trial phase at the Federal High Court in Abuja, where hundreds of suspects linked to insurgency were prosecuted, resulting in hundreds of convictions.
Officials said the latest action is backed by the Terrorism (Prevention and Prohibition) Act, 2022, which empowers authorities to impose targeted financial sanctions aimed at cutting off funding sources for terrorist activities.
The government noted that the publication of the list is part of a broader strategy to track, disrupt, and dismantle financial networks sustaining terrorism, stressing that those involved will face strict legal consequences.
