Nigeria Freezes Assets of IPOB Promoter Simon Ekpa: A Move Against Terrorism Financing
Overview of the Sanctions
The Nigerian government has taken a decisive step in combating terrorism financing by freezing the assets of Simon Ekpa, a prominent promoter of the Indigenous People of Biafra (IPOB), and 16 other individuals and entities. This action follows their designation as terrorism financiers by the Nigeria Sanctions Committee under Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022. The move underscores Nigeria’s commitment to addressing security threats posed by secessionist movements and extremist groups.
Details of the Asset Freezing
Legal Framework: The sanctions were enacted under Section 54 of the Terrorism Act, empowering the government to freeze assets without prior notice if linked to terrorism financing.
Accounts and Entities Affected: Simon Ekpa’s bank accounts with Guaranty Trust Bank (GTBank) were flagged for immediate restriction. Other individuals and entities, including Lakurawa, a jihadist group operating in Northwest Nigeria, were also targeted.
Scope of Freezing Measures: The freezing extends to all funds, assets, and economic resources owned or controlled by the designated individuals or entities, including those held jointly or indirectly. Financial institutions are required to report suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU).
Background on Simon Ekpa
Simon Ekpa is a Nigerian-Finnish activist and self-proclaimed disciple of Nnamdi Kanu, IPOB’s detained leader. Residing in Finland, Ekpa has been accused of inciting violence in Southeast Nigeria through inflammatory broadcasts. Finnish authorities arrested him in late 2024 on charges related to terrorism and public incitement.
Government’s Justification for Sanctions
The Nigerian government emphasized that freezing these assets is a preventive measure aimed at disrupting financial support for terrorism. The sanctions committee stated that this action would restrict access to funds used for extremist activities while ensuring compliance with international security obligations.
President Tinubu’s Statement
President Bola Tinubu commended Finland for its cooperation in addressing Simon Ekpa’s activities. He reaffirmed Nigeria’s zero-tolerance policy toward divisive actions that threaten national unity, stating that these sanctions are part of broader efforts to maintain peace and stability.
Reactions to the Sanctions
The decision has sparked mixed reactions domestically and internationally. Supporters argue that it is a necessary step toward curbing terrorism financing, while critics have raised concerns about potential overreach and its impact on civil liberties.
