Connect with us

General

Nigeria to Sanction 15 Identified Terrorism Financiers, BDCs

Published

on

15 Terrorism Financiers

By Modupe Gbadeyanka

About 15 entities comprising nine persons and six Bureaus De Change (BDC) operators and companies have been identified to have enjoyed financial gains from terrorism in the country.

On Monday, March 18, 2024, the Nigeria Sanctions Committee met and recommended sanctions for their involvement in terrorism financing.

The Nigerian Financial Intelligence Unit (NFIU) in a statement on Tuesday accused a Kaduna-based publisher, Mr Tukur Mamu, of being involved in financial terrorism.

The media entrepreneur is currently being tried by the federal government for allegedly aiding the terrorists who attacked the Abuja-Kaduna train in March 2022, according to Punch.

“The Attorney General of the Federation, with the approval of the President, has thereupon designated the following individuals and entities to be listed on the Nigeria Sanctions List,” a part of the statement titled Designation of Individuals and Entities for March 18, 2024 read.

Punch quoted the NFIU as saying that Mamu “participated in the financing of terrorism by receiving and delivering ransom payments over the sum of $200,000 US in support of ISWAP terrorists for the release of hostages of the Abuja-Kaduna train attack.”

The document said one of the individuals is “the suspected attacker of the St. Francis Catholic Church Owo, Ondo State on June 5, 2022, and the Kuje Correctional Center, Abuja on July 5, 2022.”

Another was described as “a member of the terrorist group Ansarul Muslimina Fi Biladissudam, the group is associated with Al-Qaeda in the Islamic Maghreb.

“The subject was trained and served under Muktar Belmokhtar, aka One Eyed Out, led Al-Murabtoun Katibat of AQIM in Algeria and Mali.”

The NFIU said the individual “specialises in designing terrorist clandestine communication code and he is also an Improvised Explosive Device expert.

“The subject was also a gatekeeper to ANSARU leader, Mohammed Usman aka Khalid Al-Bamawi. Equally, he was a courier and travel guide to AQIM Katibat in the desert of Algeria and Mali. He is into carpentry. The subject fled the Kuje Correctional Centre on July 5, 2022. He is currently at large.”

Another was identified as “a senior commander of the Islamic State of West Africa Province Okene.”

The agency said, the individual “came into the limelight in 2012 as the North Central wing of Boko Haram.

“The group is suspected of the attacks carried out around Federal Capital Territory and the South West Geographical Zone, including the June 5, 2022 attack on St. Francis Catholic Church, Owo, Ondo State.”

Another was described as “a financial courier to ISWAP Okene. She is responsible for the disbursement of funds to the widows/wives of the terrorist fighters of the group.”

According to the document, another of the individuals “in 2015, transferred N60m to terrorism convicts.”

He was also said to have “received a sum of N189m between 2016 and 2018.”

The same person is said to “own entities and business reported in the UAE court judgment as facilitating the transfer of terrorist funds from Dubai to Nigeria.”

Another individual was said to have “received a total of N57m from between 2014 and 2017.”

Another was said to have “had a total inflow of N61.4 bn and a total outflow of N51.7bn from his accounts.”

The document further revealed that under Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, institutions and individuals are required to:

“(a) immediately, identify and freeze, without prior notice, all funds, assets, and any other economic resources belonging to the designated persons and entities in your possession and report same to the Sanctions Committee;

“(b) report to the Sanctions Committee any assets frozen or actions taken in compliance with the prohibition requirements.

“(c) immediately file a Suspicious Transactions Report to the NFIU for further analysis on the financial activities of such an individual or entity; and

“(d) report as a Suspicious Transactions Report to the NFIU, all cases of name matching in financial transactions before or after receipt of this List. ”

It said “The freezing obligation required above shall extend to

“(a) all funds or other assets that are owned or controlled by the designated persons and entities, and not only those that are tied to a particular act, plot, or threat of terrorism or terrorism financing;

“(b) those funds or other assets that are wholly or jointly owned or controlled, directly or indirectly, by designated persons or entities;

“(c) the funds or other assets derived or generated from funds or other assets owned or controlled directly or indirectly by designated persons or entities; and

“(d) funds or other assets of persons and entities acting on behalf of, or at the direction of designated persons or entities.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

London Jury Clears Diezani Alison-Madueke of Bribery Charges

Published

on

Diezani Allison-Madueke

By Adedapo Adesanya

Former Nigerian Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, was on Wednesday found not guilty ​by a London jury of six bribery charges, after ‌five months of trial.

Mrs Alison-Madueke, an oil minister between 2010 and 2015 under then-president Goodluck Jonathan, stood trial ​charged with five counts of accepting bribes and a ​charge of conspiracy to commit bribery, which she denied.

Prosecutors ⁠alleged that the 65-year-old Mrs Alison-Madueke was given “a life of luxury” in London ​from oil and gas industry figures seeking lucrative contracts in Nigeria, ​which has long grappled with mismanagement and corruption.

The jury deliberated for more than 46 hours before reaching its verdict.

Mrs Alison-Madueke was charged by the UK’s National Crime Agency in 2023 over allegations she took £100,000 in cash as well as accepting flights on private jets, chauffeur-driven cars and luxury goods from Louis Vuitton and Harrods.

Other counts allege she received school fees for her son, products from high-end shops such as London’s Harrods department store and Louis Vuitton, and further private jet flights.

Mrs Alison-Madueke has been involved in numerous legal cases globally, including in the United States.

She has been on bail in Britain since she was arrested in October 2015.

In 2023, she was formally charged with accepting bribes, which she has denied.

Mrs Alison-Madueke stood trial alongside oil industry executive, Mrs Olatimbo Ayinde, 54, who was ​charged with one count of bribery relating to ​Alison-Madueke ⁠and a separate count of bribery of a foreign public official.

Also, her elder brother, Mr Doye Agama, 69, was charged with conspiracy to commit bribery ⁠with ​his sister relating to payments made to ​his church.

Both Mrs Ayinde and Mr Agama denied the charges against them and were also ​acquitted by the jury.

Continue Reading

General

Senate Committee Clears Customs of Unremitted N62.2bn Allegations

Published

on

Nigeria customs wale adeniyi

By Adedapo Adesanya

The Senate Committee on Public Accounts has cleared the Nigeria Customs Service (NCS) of allegations that it failed to remit N62.2 billion into the Federation Account, as contained in the 2019 Audit Report of the Office of the Auditor-General of the Federation.

The committee reached the decision on Tuesday during an investigative session with the Comptroller-General of Customs, Mr Adewale Adeniyi, over 77 audit queries raised against the agency in the 2019 and 2020 audit reports.

The committee, however, resolved to establish an ad hoc reconciliation panel to review the remaining 76 audit queries and report for further consideration.

At the hearing, representatives of the Auditor-General’s office informed lawmakers that while the Customs Service generated more than N691 billion in revenue in 2017, only about N629 billion was remitted to the Federation Account, leaving an outstanding balance of N62.2 billion.

Responding, the Customs CG explained that the amount in question consisted of levies collected on behalf of other government agencies and was therefore not meant for remittance into the Federation Account.

According to him, the figure was wrongly classified as under-remittance in the audit report.

Mr Adeniyi stated that while some levies collected by Customs are paid into the Federation Account, others, including certain levies on local production of wheat, textiles and wines, are designated for separate accounts.

He maintained that the disputed N62.2 billion fell into that category and should not have been recorded as unremitted revenue.

The Customs boss also provided explanations on the second and third audit queries, which members of the committee described as satisfactory.

Some lawmakers questioned why the issues had progressed to a Senate investigation, arguing that they should have been resolved during routine reconciliation between Customs officials and auditors.

In his response, Mr Adeniyi noted that the audit years under review coincided with a period of strained relations between the National Assembly and the Customs Service.

The reconciliation committee is expected to work with Customs officials and auditors to resolve discrepancies in the remaining audit queries before further legislative action is taken.

Continue Reading

General

Dangote Cement Ibese Distributes Farming Inputs to Boost Productivity

Published

on

Dangote cement ibese farmers

By Modupe Gbadeyanka

Some farming inputs have been distributed to farmers drawn from 17 host communities of the Ibese Plant of Dangote Cement Plc.

This is part of the organisation’s commitment to food security and sustainable community development, under its annual farmers’ empowerment initiative, which has become a cornerstone of the company’s social investment strategy.

The beneficiaries received modern farming inputs alongside technical training aimed at improving crop yield, productivity, and income across the agricultural value chain.

Business Post gathered that each of the 60 farmers got three bags of 50kg NPK fertiliser, two bags of Urea fertiliser, one Knapsack sprayer and 10 litres of Force-Up herbicide.

Welcoming the guests and beneficiaries, the Plant Director, Mr Ayyagari Subbaraidu, emphasised that the programme was designed not only to support local farmers but to build a sustainable agricultural ecosystem within the company’s host communities.

He noted that the intervention aligns with Dangote Cement’s broader corporate social responsibility priorities, which include empowerment, education, health, and infrastructure development.

Mr Subbaraidu said, “At Dangote Cement, we understand that while we manufacture cement for the construction of homes, schools, hospitals, roads, and other critical infrastructure, true development is ultimately about people. It is about creating opportunities, improving livelihoods, and enabling communities to thrive. This philosophy remains at the heart of our operations and our relationship with our host communities.”

He disclosed that to date, 300 farmers across our host communities have benefited from training, farm inputs, and agricultural tools, noting that they have cultivated more than 800 acres of farmland and produced over 40,000 tons of agricultural output.

“These figures tell an important story, representing families whose livelihoods have improved, children whose educational needs have been supported, businesses that have grown, and communities that have become more resilient. They demonstrate what can be achieved when communities and corporate organisations work together toward a common goal,” he stated.

“We provide modern farm inputs to support our farmers to enhance productivity and achieve better yields. This is not just about distribution; it is about enabling a shift to more efficient and sustainable farming methods that will ultimately boost food production and livelihoods,” he said.

Mr Subbaraidu revealed that the training component of the programme is critical in ensuring that beneficiaries maximise the value of the inputs provided, as participants were taken through practical sessions on good agricultural practices, including crop protection and pest management techniques, equipping them with knowledge to mitigate farming risks and improve output.

Speaking on behalf of the communities, a representative described the programme as a “game changer” that has not only boosted food production but also strengthened the relationship between the company and its host communities.

One of the farmers, Mr Akanbi Moses from Aga-Olowo Community, noted that the provision of free inputs and training has significantly improved their productivity and income levels, enabling them to scale their farming activities. Another beneficiary highlighted how the training sessions have enhanced their understanding of modern farming techniques, resulting in better crop management and reduced post-harvest losses.

Continue Reading

Trending