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Published: October 27, 2026

sanctions

CIRCULAR TO ALL CAPITAL MARKET REGULATED ENTITIES

NOTICE OF SANCTIONS

Designation Of Paek Chang - Ho And Ra Ky’ong-Su By The Nigeria Sanctions Committee And Under The Authority Of The United Nations Security Council Resolution (UNSCRs)

The United Nations Security Council has recently included the names of two individuals to its consolidated sanctions list as designated individuals namely:

  1. PAEK CHANG - HO – Kpi.006
  2. RA KY’ONG -SU – Kpi.008

As part of the binding list obligations for Nigeria, the Nigeria Sanctions Committee (NigSAC) has equally added the above two names to its sanctions list as designated individuals.

Consequently, the Securities and Exchange Commission, pursuant to its powers under the Investments and Securities Act, 2025, and the SEC AML/CFT Regulations,2023 hereby directs all Capital Market Regulated Entities (“CMREs”) to implement the following measures with immediate effect:

NIGERIA’S SANCTIONS (NIGSAC) ALERTS

All CMREs that are yet to subscribe to Nigeria’s Sanctions (NigSac) Alerts system are hereby further reminded and directed to do so immediately. Subscription is mandatory to ensure timely access to terrorist financing and proliferation financing designations and to support the effective implementation of Targeted Financial Sanctions (TFS).

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

Failure to comply with these directives shall constitute a violation of the Investments and Securities Act, 2025, and the SEC AML/CFT Regulations, 2023 and shall attract appropriate regulatory sanctions, including fines, suspension of operations, or revocation of registration.

This circular takes immediate effect.

SIGNED
MANAGEMENT
October 19, 2026

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