Facts have now emerged on how Tony Elumelu-led United Bank for Africa (UBA), and other top Nigerian banking institutions were allegedly harnessed as a conduit pipe by alleged terrorism financiers in Nigeria.
ENigeria Newspaper reports that the Federal government, following recommendations by the Nigeria Sanctions Committee (NSC), which investigated a list of account numbers domiciled in Access bank, First Bank, UBA among others, upon conclusion of a high-level meeting in Abuja in 2025, advised that the accounts which had links to terrorism financing in Nigeria should be sanctioned, and the account holders prosecuted.
The Nigerian Financial Intelligence Unit (NFIU) is convinced that the action is in line with Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, which empowers the government to impose sanctions on individuals and organizations linked to terror-related activities.
The NFIU further disclosed that the office of the Attorney-General of the Federation (AGF), acting on the approval of President Bola Tinubu, authorized the designation of the individuals and entities, leading to their official inclusion in the Nigeria Sanctions List.
ENigeria Newspaper understands that as part of the enforcement measures, authorities were directed to identify and freeze all funds, assets, and other economic resources linked to the sanctioned individuals and organizations without prior notice.
Below are UBA account numbers, other bank accounts Used for Terrorism Financing in Nigeria:
ENigeria Newspaper obtained a list of account numbers cutting across various banking institutions in Nigeria, all of which funneled huge funds for alleged terrorism financing in Nigeria.
See the full list of the frozen accounts below
1. Simon Ekpa Njoku 21-03-1985 Guaranty Trust Bank 0118835791, 0115442299, 0115442275
2. Godstime Promise Iyare 20-05-1996 Access Bank 0060032439, 1187008630, 1448136683. UBA 2212655102. Moniepoint 8197394552. Kuda 2007096158. Promicool Venture- Moniepoint 8197394576.
3. Francis Chukwuedo Mmaduabuchi 27-09-1987 Eco Bank 3941072599, Fidelity 6239280146, Opay 8037688095, Moniepoint 8196060258, 8196028438, 8196028452,5380383959, 5612325508,4730823866, 8037688095
4. John Anayo Onwumere 05-03-1987 Sterling 0026224269, Zenith 4230646454
5. Chikwuka Godwin Eze 05-05-1975 First Bank 3031299977, Access Bank 0110709618, 0108595489, 1132518632
6. Edwin Augustine Chukwuedo 27-05-1983 Union 0010808495, 0110232286, 0069247850, Eco Bank 2321194539, Opay 8169916076, Moniepoint 6786290317, 6786290300
7. Chinwendu Joy Owoh 10-02-1982 First Bank 3125731837, GTB 0115848475, Moniepoint 6474876289, Union 0014660761
8. Ginika Jane Orji 05-10-1995 Blueridge 8039231985, Opay 7059681248, 8106940744
9. Awo Uchechukwu 11-12-1978 First Bank 3060144916
10. Mercy Ebere Ifeoma Ali 07-07-1998 Access 1612608952, FCMB 6594319019, First Bank 3147574474
11. Ohagwu Nneka Juliana 15-08-1985 UBA 2147559148
12. Eze Chibuike Okpoto 12-01-1989 Access 0071127599, 1138098116, FCMB 3723955016, GT Bank 0123014963
13. Nwaobi Henry Chimezie 12-06-1991 Access 1113046148, 1113046148, UBA 2115584448, 2117752704, First Bank 3067985749, Moniepoint 8276850931,
14. Ogomu Peace Kewe 27-06-1997 Access 1840168323, UBA 2096777826, First Bank 3124937333, 2041450556, (USD) 3180578127, Zenith 2547460190, Opay 9069071154, Kuda 2028607838, Fidelity 6552642526, GT Bank 0258732080, Stanbic 0021280495
15. Igwe Ka Ala Enterprises 3750733 Access 1872085373, 0800331795. Fairmoney 2683102063. Fidelity 5090919707, GTB 0206153527, 0044247093, 0044247086, 0044247079, 0044247062, 0044247055, 0044247103, 4020644423. Opay 9023765613, 8035144914, 8126308128. Polaris 3124277058. Carbon 0629821223. Zenith 1226773554
16. Seficuvi Global Company 3225098 Access Bank 1436852548, Eco Bank 3831141439
17. Lakurawa Group NLLKW
SEC Orders Asset Freezing Of 13 People, Groups Linked To Terrorism Funding
In an updated list of individuals and groups allegedly linked to terrorism financing in Nigeria, obtained by ENigeria Newspaper in 2026, the Federal Government has moved to freeze the assets and bank accounts of more than 13 persons.
Nigeria’s Securities and Exchange Commission (SEC) has consequently directed capital market operators to immediately identify and freeze all assets connected to the affected entities.
The directive follows the inclusion of 10 individuals and three organizations on the Nigeria Sanctions List by the Nigeria Sanctions Committee, triggering urgent regulatory action across the country’s financial system.
In a notice titled “Commission’s Sweeping Compliance Directive to Capital Market Operators,” the SEC stated that the action is in line with the provisions of the Terrorism (Prevention and Prohibition) Act, 2022, which mandates the immediate freezing of all funds and economic resources linked to designated persons and entities without prior notice.
The Commission further confirmed that all Capital Market Operators (CMOs) and relevant stakeholders have been formally notified and are required to comply with the directive without delay.
