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Published: October 27, 2026

sanctions

The United Nations Security Council has recently included DCB FINANCE LIMITED - KPe 040 to its consolidated sanctions list as a designated entity.

In line with the provisions of the Terrorism Prevention and Prohibition Act (TPPA), 2022, the Nigeria Sanctions Committee (NigSAC) has equally added the above-named entity to its sanctions list.

All Capital Market Regulated Entities (CMREs) are by this circular directed to:

  • immediately identify and freeze, without prior notice, all funds, assets, and all other economic resources belonging to the designated entity in their possession and report same to the Secretariat of the Nigeria Sanctions Committee;
  • report to the Secretariat of the Nigeria Sanctions Committee any frozen assets or actions taken in compliance with the designation, including attempted transactions;
  • immediately file a suspicious transaction report with the NFIU for further analysis of the financial activities;
  • report all cases of name matching in financial transactions, prior to or after receipt of this Sanctions List, as suspicious transactions to the NFIU;
  • subsequently cease/desist from all dealings with the designated entity; and
  • continue to monitor transactions involving the designated entity and report any findings to the Nigeria Sanctions Committee via info@nigsac.gov.ng.

Failure to comply with these directives constitutes a violation of the Investments and Securities Act, 2025, the Terrorism Prevention and Prohibition Act (TPPA), 2022 and; the SEC AML/CFT/CPF Regulations, 2023 which shall attract appropriate regulatory sanctions, including fines, suspension of operations, or revocation of registration, in addition to any other sanction as may be determined by the Commission.

This circular takes immediate effect.

Note that, at all times, any unusual or suspicious transactions shall be promptly reported to the Nigerian Financial Intelligence Unit (NFIU).

SIGNED
MANAGEMENT
OCTOBER 22, 2026

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