The Federal Government of Nigeria has announced the freezing of bank accounts belonging to Simon Ekpa and 16 other individuals due to their alleged involvement in terrorism financing. This action aligns with Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, following recommendations from the Nigeria Sanctions Committee during a recent meeting in Abuja.

The government mandated that all funds, assets, and economic resources linked to the designated individuals be frozen without prior notice. This includes accounts associated with their signatories and directors to ensure comprehensive enforcement of the sanctions regime. Among those designated are Simon Ekpa Njoku, Godstime Promise Iyare, and Francis Chukwuedo Mmaduabuchi, along with their respective bank account details across various financial institutions.

Financial institutions are required to comply with the freezing measures and report any actions taken to the Sanctions Committee. The obligation to freeze extends to all funds or assets owned or controlled by the designated persons, not limited to those associated with specific acts of terrorism or financing. This development highlights the government’s commitment to combating terrorism financing and ensuring national security.