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SEC freezes assets allegedly linked to six terrorist financiers

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Securities and Exchange Commission
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The Securities and Exchange Commission has directed capital market operators to immediately freeze the funds, assets, and economic resources of six individuals and three entities designated as terrorist financiers by the Nigeria Sanctions Committee.

The directive, communicated via a circular issued to all Capital Market Regulated Entities on Friday, was implemented in accordance with the provisions of the Terrorism Prevention and Prohibition Act 2022.

The six designated individuals are Babangida Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim Abubakar, Adamu Chiroma, Muktar Muhammad Adamu, and Yakubu Ogirima Ibrahim.

The three corporate bodies placed on the sanctions list are Nine to Nine BDC Ltd, Generation Currency BDC Ltd, and Abbal Bako & Sons Bureau de Change.

According to the capital market regulator, Hammajam was listed on June 18, 2026, for his involvement in terrorism financing and active support for the Islamic State West Africa Province.

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Usman was sanction-listed for providing material assistance to a designated terrorist organisation through repeated financial transactions, while Abubakar was listed for terrorism financing and direct membership of ISWAP.

The commission further revealed that Chiroma allegedly utilised Bureau De Change operations and affiliated corporate entities to move funds linked to terrorist activities.

Similarly, Muktar Adamu was listed on June 15, 2026, for facilitating financial network operations for the ISWAP Okene cell, while Ibrahim provided financial and material support to the ISWAP Kogi cell. The three BDCs were indicted for channelling funds linked to the same Okene financing network.

The action comes amid intensified efforts by Nigerian authorities to disrupt the financial lifelines of insurgent groups operating in the North-East and North-Central regions. Bureau De Change operators have frequently come under regulatory scrutiny by both the SEC and the Central Bank of Nigeria over illegal foreign exchange dealings and money laundering vulnerabilities.

Under the TPPA 2022 and Nigeria’s Sanctions Framework, financial institutions and capital market operators are mandated to act swiftly on sanctions lists issued by the NSC to prevent illicit funds from flowing through the formal financial system.

In its directive, the SEC mandated CMREs to identify and freeze all listed assets without prior notice to the designated individuals or entities. Operators were instructed to submit full compliance reports—including details of frozen assets and any attempted transactions—to the Secretariat of the Nigeria Sanctions Committee.

Additionally, the commission directed all regulated firms to file Suspicious Transaction Reports directly with the Nigerian Financial Intelligence Unit for deep analysis.

“Regulated entities must report as suspicious transactions all cases of name matches in financial transactions, whether occurring before or after the receipt of the sanctions list,” the SEC stated.

The regulator prohibited all forms of business dealings with the sanctioned entities, directing operators to maintain continuous monitoring across all accounts.

Warning of strict consequences, the SEC noted that the circular takes immediate effect, adding that non-compliance constitutes a severe violation of the Investments and Securities Act 2025 as well as the SEC Anti-Money Laundering/Combating the Financing of Terrorism Rules and Regulations.

Defaulting operators risk regulatory sanctions, including heavy financial penalties, operational suspension, or complete revocation of registration licences.

 

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Senate fumes over death of NYSC Corps member at Enugu Camp, orders probe

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Etimbuk Daniel
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The Senate on Thursday called for an investigation into the circumstances surrounding the death of a corps member, Etimbuk Daniel, at an NYSC orientation camp in Enugu.

The resolution followed a motion of urgent public importance moved by Sen. Aniekan Bassey (APC-Akwa Ibom North-East) during plenary.

Bassey said the Senate received with shock and profound grief the news of Daniel’s death while undergoing the mandatory National Youth Service Corps (NYSC) programme in Enugu.

Etimbuk Daniel

He described the deceased as an outstanding student leader and former Students’ Union Government (SUG) president of Akwa Ibom State University who had embarked on national service.

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Bassey expressed concern over reports that Daniel died following complications from a minor headache after allegedly experiencing delays in receiving adequate medical attention at the camp’s clinic.

He said the incident raised concerns about healthcare services in NYSC orientation camps, particularly the availability of qualified medical personnel, functional facilities and effective emergency referral systems.

The senator said the reported lapses highlighted the need to review healthcare delivery in orientation camps to prevent similar tragedies and protect corps members.

He emphasised that the government had a constitutional responsibility to safeguard citizens’ welfare, adding that young graduates mobilised for national service deserved adequate medical care throughout their service.

Bassey said Daniel’s death had plunged his family, the Akwa Ibom State University community and the entire state into mourning.

Seconding the motion, Sen. Mohammed Monguno (APC-Borno North) supported the call for an investigation, emphasising the importance of establishing the circumstances surrounding Daniel’s death and ensuring accountability.

The Senate observed a minute of silence in honour of the deceased and prayed that God would grant his family the strength to bear the loss.

It also called for a thorough investigation to establish the facts surrounding Daniel’s death and determine whether negligence contributed to the incident.

The Senate directed its committees on Police, Judiciary, Human Rights and Legal Matters, Youth Development, and Health to investigate the matter alongside the Nigeria Police Force and the Department of State Services (DSS).

Deputy Senate President Barau Jibrin, who presided over the proceedings, thanked Bassey for bringing the matter before the Senate and urged the relevant committees to conduct a thorough investigation. (NAN)

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How Senator Mandiya died after bathroom fall in Abuja Home – Ningi

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Senator Bello Mandiya
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Senator Abdul Ningi has recounted how his colleague, Bello Mandiya, reportedly died after slipping in his bathroom and hitting his head, with his body discovered about 72 hours later in his Abuja residence.‎

‎Ningi, who represents Bauchi Central Senatorial District, said neighbours discovered Mandiya’s lifeless body after a foul smell began emanating from his apartment and residents became concerned about his prolonged absence.
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‎Speaking during a Senate plenary session, Ningi said he was in Saudi Arabia when he received a telephone call from his son informing him of Mandiya’s death.
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‎He said his son was among those who discovered the former lawmaker’s body on Monday, September 7, 2026.
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‎Recounting the events leading to the discovery, Ningi said a colleague had last seen Mandiya at about 11am on Friday, September 4, before the former senator returned to his residence, where he lived alone.
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‎According to him, Mandiya was preparing to attend the Friday congregational prayer when he reportedly slipped and hit his head after bathing.
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‎“He brought out his cap, his phones, and put them on the bed, and went into the bathroom to take his bath,” Ningi said.
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‎“After taking his bath, when he was out of the bathroom, then he slipped and knocked his head in the bathroom.”
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‎Ningi said nobody realised what had happened until the stench from Mandiya’s apartment began spreading to neighbouring properties.
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‎“For 72 hours, Mr President, nobody knew where Bello Mandiya was,” he told the Senate.
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‎He said the chief imam of Apo also raised the alarm after noticing that Mandiya, who regularly joined other Muslims for the five daily prayers, had been absent for three consecutive days.
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‎The combination of the imam’s concern and the foul smell prompted residents to investigate the apartment.
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‎Ningi said those who went to the residence eventually broke open the door and found Mandiya’s body in the bathroom.
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‎“And there lies Bello Mandiya in the bathroom, lifeless. Seventy-two hours, and that’s a simple tragedy,” he said.
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‎Expressing sadness over the circumstances of his colleague’s death, Ningi said the incident highlighted the uncertainty of life, noting that nobody could predict when death would come.
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‎He also expressed condolences to Mandiya’s family, the people of Katsina State and the constituents he represented in the Senate.
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‎Before his election to the Senate, Mandiya served as chief of staff to former Katsina State Governor Aminu Bello Masari.
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‎He was elected in 2019 on the platform of the All Progressives Congress to represent Katsina South Senatorial District and served in the ninth National Assembly until 2023. He also chaired the Senate Committee on Water Resources.
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‎Mandiya’s death prompted tributes from political leaders and former colleagues, who remembered him for his contributions to public service in Katsina State and at the national level.
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‎Ningi, who said he had known Mandiya since 2002, described the loss as a reminder that political office, wealth and social status could not shield anyone from the fragility of life.
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‎“There is nothing permanent about anything. Nothing permanent about our position, nothing permanent about our wealth,” he said.
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‎He prayed for Allah to grant the deceased eternal rest and give his family the strength to bear the loss. (Daily Trust)

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NDC secretariat attacked in Edo

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Suspected political thugs have attacked the secretariat of the Nigeria Democratic Congress (NDC) in Ikpoba-Okha Local Government Area of Edo State, destroying property at the facility.

The attack, reported on Wednesday, October 14, comes barely a week after NDC complained of a similar incident in Enugu.

A video circulating on social media showed damage to property within the Edo secretariat, although no casualties had been reported as of the time of filing this report.

In the footage, a woman accused the ruling All Progressives Congress (APC) of being responsible for the attack, linking the incident to the earlier violence in Enugu, which is being investigated by the police.

“The last one happened in Enugu, where one person allegedly died. Now they have brought it to Edo. APC, your end is here,” she said.

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Her allegation against the APC has not been independently verified, while the identities of those responsible for the attack remain unknown.

The reported incident follows growing concerns over political violence ahead of the 2027 general elections.

The earlier incident in Enugu had prompted Governor Peter Mbah to demand an impartial police investigation, warning that anyone found responsible would face prosecution regardless of political connections.

It was not immediately clear whether security agencies had commenced an investigation into the Edo attack or identified any suspects.

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