The Central Bank of Nigeria (CBN) on Wednesday instructed banks and other financial institutions to report accounts belonging to members of the Boko Haram islamist sect (Jamaatu Ahlis-Sunna Liddaawati wal Jihad) and the Jama’atu Ansarul Muslimina fi Biladis Sudan sect.
“The Federal Government of Nigeria in its effort to stem terrorism in the country has proscribed the activities of Jamaatu Ahlis-sunna Liddaawati Wal Jihad otherwise known as Boko Haram sect and Jama’atu Ansarul Muslimina Fi Biladis Sudan in any part of the country,” CBN’s Acting Director, Financial Policy and Regulation Department, Mr. Nwaoha T wrote in a circular to all financial institutions.
“Their activities are consequently declared as terrorism and illegal. All banks and other financial institutions (OFls) are, by this letter, required to check their database for the names ‘Jamaatu Ahlis-sunna Uddaawati Wal Jihad’ otherwise known as ‘Boko Haram’ Sect and ‘Jama’atu Ansarul Muslimina Fi Biladis Sudan’ as well as their associates and to report same to the Central Bank of Nigeria.”
The statement added that where no accounts or business relationship are maintained for any of the proscribed names or their associate, a nil return should be rendered.
