BREAKING: Terrorism Financing: CBN orders Nigerian banks to freeze assets of six persons, four BDCs

In a followup, the Nigerian government released the names of six persons and three entities sanctioned for terrorism financing. 

The Federal Government list indicated Ibrahim Yakubu Ogirima, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Umar Usman, Babangida Muhammed, Adamu Hammajam, Abbal Bako & Sons Bureau De Change Limited, Generation Currency BDC Limited, and Nine to Nine BDC Limited. 

Reacting to the development, the president of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadebe, said the indictment should not rob all BDC operators in Nigeria. 

“The overwhelming majority of licensed BDC operators comply with Nigerian laws and regulatory requirements,” he said.