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CBN Orders Lagos Banks to Freeze Accounts of 10 Alleged ISIS Sponsors After US Sanctions

Financial institutions have 48 hours to comply as authorities intensify clampdown on terrorism financing networks across Nigeria

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Financial institutions have 48 hours to comply as authorities intensify clampdown on terrorism financing networks across Nigeria

The Central Bank of Nigeria has directed all commercial banks and financial institutions in Lagos and nationwide to immediately freeze the accounts and assets of ten individuals and companies accused of financing terrorism, following sanctions imposed by United States authorities. The move was announced in a CBN circular dated June 24, instructing banks to identify, block, and report any funds or resources linked to the named persons within two days.

The directive follows US Treasury sanctions against Lagos-based financier Mukhtar Adamu Muhammad, aged 35, along with three Bureau De Change operators—Nine to Nine Exchange Bureau De Change, Manhattan Bureau De Change, and Generation Currency Bureau De Change—alleged to have channelled funds for Islamic State West Africa Province (ISWAP). According to US authorities, these entities materially supported ISWAP through illicit money transfers. Nigeria’s own Sanctions Committee subsequently added six more individuals and a company—Abbal Bako & Sons Bureau De Change Limited—to the list on June 18.

This latest clampdown marks an escalation in Nigeria’s efforts to disrupt terrorist funding streams. In April, authorities published a separate list of 48 individuals and organisations linked to groups including ISWAP and IPOB, freezing their accounts in partnership with the Nigerian Financial Intelligence Unit. The CBN instructed banks not only to block all assets but also to retrospectively review past dealings for suspicious activities such as rapid fund movements or transactions with high-risk jurisdictions.

The Sanctions Committee said in a statement that Nigeria remains “resolute in its commitment” to tackling terror finance through international cooperation. Financial institutions must file compliance reports within 48 hours detailing any frozen assets or confirming nil returns. The CBN warned that providing false or misleading information would amount to a regulatory offence.

Security agencies are now working closely with regulators and financial intelligence units as part of ongoing investigations. The apex bank has also mandated banks to heighten monitoring for red flags associated with informal money channels and cross-border transactions tied to designated parties. As at press time, opposition parties had not issued a response.

Source: https://www.pulse.ng/story/fg-freezes-assets-alleged-isis-sponsors-nigeria-2026062515300043588

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Nigeria News (Standard)

FCT Minister Wike Declines to Drink at Abuja Karu Water Project Commissioning as Shettima Leads Ceremony

Viral video sparks debate as Vice President Shettima drinks from newly commissioned supply while Wike abstains

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June 25, 2026

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Viral video sparks debate as Vice President Shettima drinks from newly commissioned supply while Wike abstains

A viral incident at the commissioning of the Karu Water Supply Network in Abuja on Monday drew attention after Minister of the Federal Capital Territory (FCT), Nyesom Wike, refused to drink water from the new facility, while Vice President Kashim Shettima, representing President Bola Tinubu, took a symbolic sip. The event took place in Karu area, marking the completion of a major infrastructure project aimed at providing potable water to Karu, Jikwoyi, Kurudu, Orozo and neighbouring communities within Abuja Municipal Area Council.

According to videos circulating on social media, Shettima was seen drinking from a glass filled with water drawn directly from the newly completed supply network. The act was intended as a demonstration of confidence in the quality of the water now available to residents. However, Wike, standing beside the vice president during this symbolic gesture, did not drink from his own glass—a moment that quickly became a subject of intense discussion online and among residents.

The Karu Water Supply Network is one of the flagship projects under President Tinubu’s administration in the FCT and is designed to address long-standing challenges around access to safe and reliable drinking water for fast-growing satellite communities on Abuja’s outskirts. Many residents in these areas have historically depended on unsafe or unreliable sources for their daily water needs. At the event, Vice President Shettima stated: “We are here not just to cut a ribbon, but to breathe life into a fundamental human right that has eluded this bustling community for far too long.” He emphasised that improved access to clean water would directly benefit public health and enhance living standards for thousands.

Minister Wike also commended the completion of the project, noting during his remarks that it would improve daily life for many residents who had previously faced difficulties accessing clean water. He recalled promising during the flag-off ceremony that government would deliver on its commitment: “By June next year, we will return here to commission this project and the people of Karu, Orozo, Kurudu and neighbouring communities will have access to clean drinking water,” he said at that earlier event.

Despite official optimism about the project’s impact, it was Wike’s refusal to take part in the ceremonial tasting that dominated social media reactions. One user remarked: ‘A public servant questioning a public infrastructure made by his office… How do you trust who does not trust his work.’ As at press time, neither Wike nor officials of FCT Administration have issued any statement explaining his decision or responding to speculation. The opposition could not be immediately reached for comment.

Source: https://www.pulse.ng/story/video-moment-wike-refuses-to-drink-from-newly-commissioned-abuja-water-project-as-shettima-takes-a-sip-2026062517115992016

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Ekiti High Court Sentences Two to Death for Kidnapping NYSC Staff

Chief Judge Lekan Ogunmoye delivers judgment as third accused discharged over insufficient evidence in Ado-Ekiti case

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June 25, 2026

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Chief Judge Lekan Ogunmoye delivers judgment as third accused discharged over insufficient evidence in Ado-Ekiti case

An Ekiti State High Court sitting in Ado-Ekiti on Tuesday sentenced two men, Ibrahim Abubakar and Abdullahi Abubakar, to death by hanging after finding them guilty of kidnapping a staff member of the National Youth Service Corps (NYSC) in April 2022. The judgment was delivered at High Court I, Fajuyi, by the Chief Judge of Ekiti State, Justice Lekan Ogunmoye.

According to court proceedings, the Department of State Services (DSS) arrested the convicts following the abduction of Omoboade Adesina, a female NYSC staff member, on 22 April 2022 in Ekiti State. The suspects were arraigned under suit number HAD/124C/2022. After thorough trial and examination of evidence presented by prosecutors, the court found Ibrahim Abubakar and Abdullahi Abubakar culpable for kidnapping. However, a third defendant, Usman Abubakar, was discharged and acquitted after the court ruled there was not enough evidence linking him to the crime.

Kidnapping has become a pressing security concern across Nigeria, with rising incidents affecting both urban and rural communities. The conviction comes amid mounting pressure on security agencies and judicial authorities in Ekiti State and other parts of the South-West to address cases of abductions targeting public servants, students, and local residents. The prosecution relied on investigative work carried out by the DSS to secure the convictions.

Delivering his verdict, Justice Ogunmoye pronounced capital punishment on the two convicted men. He stated that “the prosecution has proved its case beyond reasonable doubt,” leading to their sentencing by hanging while acquitting the third accused due to lack of sufficient evidence. No immediate comment was available from defence counsel following the ruling.

With this development, legal analysts say courts in Ekiti State are sending a strong signal that kidnapping cases will be met with severe penalties when proven. Security agencies have been urged to intensify operations and continue close collaboration with judicial authorities to ensure perpetrators face justice under Nigerian law.

Source: https://guardian.ng/news/nigeria/metro/kidnappers-sentenced-to-death-in-ekiti/

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Nigeria News (Standard)

EFCC Witness Tells Abuja Court NSTIF Contractors Met All Conditions in ₦2.2bn Fraud Case

Testimony comes as former Labour Minister Ngige faces scrutiny over procurement practices at Nigeria Social Insurance Trust Fund

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June 25, 2026

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Testimony comes as former Labour Minister Ngige faces scrutiny over procurement practices at Nigeria Social Insurance Trust Fund

A prosecution witness has told an Abuja court that contractors engaged by the Nigeria Social Insurance Trust Fund (NSTIF) fulfilled all requirements in the controversial ₦2.2 billion contract fraud case involving former Minister of Labour, Chris Ngige. The testimony was given on Thursday during ongoing proceedings in the Federal Capital Territory.

According to the witness, whose evidence forms part of the Economic and Financial Crimes Commission’s (EFCC) investigation, the contractors complied with all stipulated guidelines and procurement conditions before their contracts were awarded by NSTIF. The EFCC has alleged irregularities in contract awards during Ngige’s tenure as minister, prompting a high-profile trial that has drawn attention to procurement practices within federal agencies.

The case is significant as it highlights persistent concerns about transparency and accountability in public sector contracting in Nigeria, especially regarding major federal institutions like NSTIF. The anti-graft agency’s probe into the alleged fraud is part of wider efforts to address corruption and recover public funds misappropriated through inflated or improperly awarded contracts.

During Thursday’s hearing, the EFCC’s witness maintained under cross-examination that due process was observed by the contractors, noting that all relevant documents and performance guarantees were provided as required by law. However, defence lawyers have insisted there were no grounds for the fraud allegations, arguing that due diligence was followed throughout the process.

The court adjourned further hearing to a later date for continuation of trial. The outcome is expected to shape ongoing discourse about contract awards and anti-corruption measures in federal ministries, departments and agencies across Nigeria.

Source: https://www.premiumtimesng.com/news/top-news/890703-ngiges-n2-2bn-contract-fraud-trial-efccs-witness-says-nstif-contractors-fulfilled-all-conditions.html

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