The Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the assets of 13 newly-designated individuals and entities suspected of financing terrorism. The order follows the inclusion of the 10 individuals and three entities on the Nigeria Sanctions List by the Nigeria Sanctions Committee. The SEC issued a compliance directive to all capital market operators, mandating the suspension of transactions involving the listed parties. The commission emphasized full enforcement across the capital market, covering stocks, bonds, and other financial instruments. No further details about the identities of the individuals or entities were disclosed in the directive. The action aligns with Nigeria's obligations under international counter-terrorism financing frameworks. The SEC warned that non-compliance by market operators would attract sanctions.
Crime & Courts