Court Convicts Ten Citizens for Naira Abuse

Court Convicts Ten Citizens for Naira Abuse

The Economic and Financial Crimes Commission has secured the conviction of ten individuals for currency abuse in the South-South region. A federal court found the defendants guilty of violating laws that protect the national currency from defacement. This swift judicial outcome underscores a widening state campaign against practices that long defined Nigerian social gatherings. Enforcement…

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After US Action, FG Orders Asset Freeze On Terror Financiers

  The Federal Government has directed banks and other regulated businesses to freeze the assets of suspected terrorism financiers, throwing Nigeria’s weight behind fresh United States sanctions on a Lagos-based ISIS facilitator and three bureaux de change. The Nigerian Sanctions Committee issued the directive on Tuesday, instructing financial institutions and designated non-financial businesses and professions…

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