The Nigerian government has taken a bold step in combating terrorism by designating 16 individuals and entities, including Simon Ekpa, as terrorism financiers.
This decision, approved by President Bola Tinubu, aims to disrupt the financial networks of terrorist organizations and prevent further violence in the country.
Who’s Been Designated?
The list includes 13 members of the proscribed Indigenous People of Biafra (IPOB) or the Biafra Republic Government in Exile (BRGIE), such as: Godstime Iyare, Francis Mmaduabuchi, John Onwumere, Chikwuka Eze, Edwin Chukwuedo, Chinwendu Owoh, Ginika Orji, Awo Uchechukwu, Mercy Ali, Ohagwu Juliana, Eze Okpoto, Nwaobi Chimezie, Ogomu Kewe
Additionally, two business entities, Igwe Ka Ala Enterprises and Seficuvi Global Company, have been designated as terrorism financiers.
Sanctions Imposed
The Nigeria Sanctions Committee (NSC) has outlined four major sanctions against the designated persons.
1. Immediate freezing of assets: All funds, assets, and economic resources belonging to the designated persons must be identified and frozen without prior notice.
2. Reporting of frozen assets: Any assets frozen or actions taken must be reported to the Sanctions Committee.
3. Suspicious Transactions Report: A report must be filed with the Nigerian Financial Intelligence Unit (NFIU) for further analysis on the financial activities that of the designated individuals or entities.
4. Extended sanctions: The sanctions will apply to all funds or assets owned or controlled by the designated persons and entities, including those derived or generated from funds or assets owned or controlled directly or indirectly by them.
