NGO applauds crackdown on terrorism financiers
A non-governmental organisation (NGO), the Council of American Peace Advocates (CAPA), has hailed the Federal Government for identifying and blacklisting 60 individuals and firms linked to terrorism financing. In a
A non-governmental organisation (NGO), the Council of American Peace Advocates (CAPA), has hailed the Federal Government for identifying and blacklisting 60 individuals and firms linked to terrorism financing.
In a statement by its Secretary General, Ambassador Rhonda Hardee, CAPA described the government’s intensified efforts to monitor and sanction extremism facilitators as “gratifying” and essential to national security.
Condemning the flow of illicit funds as the “lifeblood” of global terror, the council lauded the government’s security doctrine which it said officially designated 31 categories of actors as terrorists.
They, CAPA noted, included ransom facilitators and the political protectors of violent groups, hailing the doctrine as a “pivotal step in the right direction.”
CAPA praised the synergy between the Nigeria Sanctions Committee (NIGSAC), the Nigerian Financial Intelligence Unit (NFIU), and the Securities and Exchange Commission (SEC) in tackling terrorism and economic crimes.
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It said the collaboration yielded significant results between 2024 and now, effectively freezing “blood money” assets and dismantling the financial infrastructure of insurgents.
“The inimical acts of these financiers have directly triggered food insecurity in Nigeria’s agricultural hubs,” Hardee said, adding: “Forceful evictions and the imposition of illegal ‘harvest taxes’ on farmers have led to chronic food shortages that affect the entire region.”
With the latest addition of 60 suspects (48 individuals and 12 firms), the total number of entities apprehended or sanctioned in this wave of enforcement has reached 92. This follows previous crackdowns involving 15 entities in March 2024 and 17 organisations in May 2025, CAPA explained.
It urged the government to widen its dragnet to expose high-profile collaborators still hiding within elite circles.
