Act 2022 status not recorded
Terrorism (Prevention and Prohibition) Act, 2022
Issued by Nigerian Financial Intelligence Unit
Plain-English summary
Repeals the Terrorism (Prevention) Act 2011 (s. 98). Section 21 criminalises terrorism financing (life imprisonment for individuals; for companies a fine of at least ₦200,000,000 and winding up). Sections 52-55 cover targeted financial sanctions: s. 54(1) requires institutions to freeze designated persons' assets without prior notice, report them to the Sanctions Committee and file suspicious transaction reports with the NFIU. Sections 59-61 cover proliferation financing. Act No. 15 of 2022, gazetted 16 May 2022.
Who it applies to
All industries
Topics
AML / CFT / Sanctions
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