CBN elevates terrorism financing supervision
The Central Bank of Nigeria (CBN) says it has elevated terrorism financing supervision to a current supervisory priority.
The CBN’s acting director of corporate communications, Hakama Sidi-Ali, disclosed this in a statement on Tuesday in Abuja.
Ms Sidi-Ali said the move was part of the apex bank’s ongoing efforts to protect the Nigerian financial system from abuse by illicit actors.
She said the supervisory priority covered terrorism financing risk management, transaction monitoring, implementation of targeted financial sanctions and terrorism financing-related suspicious transaction reporting.
“The CBN will continue to apply a risk-based supervisory approach, including on-site and off-site engagement.
“This is to support effective AML/CFT/CPF controls across the financial sector in line with existing legal and regulatory obligations,” she said.
Ms Sidi-Ali said the supervisory focus also supported Nigeria’s ongoing domestic and international cooperation on counter-terrorism financing, counter-proliferation financing, financial integrity and the protection of the financial system.
She said further supervisory engagement would be undertaken as appropriate.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Ebola deaths in DR Congo hit 3,200
Ebola virus continues to spread in the eastern provinces of the DRC, with more than 3,200 deaths reported, the UN said.
Education
NOUN appoints Ramatu Ibrahim as acting bursar
NOUN said Ms Ibrahim’s appointment took effect from Tuesday, September 8, 2026, and would remain in force until further notice.
States
Yayi can’t win Ogun election, he is Sulaimon Ogunleye from Ekiti: Wale Adedayo
Mr Adedayo alleged that Mr Adeola was originally Sulaimon Ogunleye from Ekiti State but now falsely claims Ogun State ancestry for political gains.
World
FG condemns fresh Houthi attacks on Saudi Arabia
“Nigeria regards the fresh hostilities as a serious threat not only to the security and sovereignty of Saudi Arabia but also to regional stability in the Middle East,” he said.
Education
NOUN declares three-day mourning for slain bursar
The university said, “The mourning period commenced on Monday, September 7 and would end on Wednesday, September 9, 2026.
States
Nasarawa varsity seeks assembly intervention to end ASUU strike
Nasarawa State University, Keffi (NSUK), has appealed to the House of Assembly to intervene in the ongoing ASUU strike.
