The Central Bank of Nigeria (CBN) has frozen the bank accounts of five individuals and one Bureau de Change (BDC) suspected of financing terrorism. The action was taken following allegations linking the entities to activities supporting terrorist groups. While the CBN has not publicly disclosed specific details regarding the allegations, the move signals a heightened effort to disrupt financial flows connected to terrorism. The affected parties have not yet released public statements regarding the account freezes. This action follows increased scrutiny of financial transactions within Nigeria aimed at combating terrorism and its funding sources. The CBN’s directive is immediate and aims to prevent further illicit financial activity. Vanguard News first reported the development.