The Central Bank of Nigeria (CBN) has elevated terrorism financing supervision to a current

Supervisory priority, as part of its ongoing commitment to protecting the Nigerian financial system from abuse by illicit actors.

“This supervisory priority covers, at a high level, terrorism financing risk management, terrorism financing transaction monitoring, targeted financial sanctions implementation, and terrorism financing-related suspicious transaction reporting,” the apex bank said in a statement issued yesterday afternoon, Tuesday, September 8, 2026.

The Bank, according to the statement signed by Sidi-Ali, Hakama (Mrs), Ag. Director, Corporate Communications and Investor Relations Department, “will continue to apply a risk-based supervisory approach, including on-site and off-site engagement, to support effective AML/CFT/CPF controls across the financial sector in line with existing legal and regulatory obligations.

“This supervisory focus also supports Nigeria’s ongoing domestic and international cooperation on counter-terrorism financing, counter-proliferation financing, financial integrity, and the protection of the financial system.”

The statement assured that “further supervisory engagement will be undertaken as appropriate.”