The Federal Government has announced plans to prosecute Nigerian banks and companies found to be collaborating in terrorism financing. Authorities say investigations have revealed suspicious financial activities linked to insurgent and bandit groups, prompting a renewed crackdown on institutions enabling such networks.
Officials emphasized that no entity will be spared, warning that banks and firms aiding terrorism either knowingly or through negligence will face the full weight of the law. The move is part of broader efforts to strengthen national security and disrupt funding channels that sustain violent groups across the country.
The government’s stance comes amid escalating insecurity in several states, with calls for stricter monitoring of financial transactions and greater accountability within Nigeria’s banking sector. Analysts believe the crackdown could reshape compliance standards and reinforce the country’s counterterrorism framework.
