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By Babajide Komolafe

THE Central Bank of Nigeria, CBN, Wednesday, ordered banks and other financial institutions in the country to report accounts belonging to the Jamaatu Ahlis-Sunna Liddaawati wal Jihad sect also known as Boko Haram and the Jama’atu Ansarul Muslimina fi Biladis Sudan sect.

It would be recalled that the Federal Government recently declared activities of the two sects as terrorism and illegal and hence proscribed their existence.

In a circular to all financial institutions, signed by the Acting Director, Financial Policy and Regulation Department, Mr. Nwaoha T, the CBN said: “The Federal Government of Nigeria in its effort to stem terrorism in the country has proscribed the activities of Jamaatu Ahlis-sunna Liddaawati Wal Jihad” otherwise known as “Boko Haram” sect and “Jama’atu Ansarul Muslimina Fi Biladis Sudan” in any part of the country.

“Their activities are consequently declared as terrorism and illegal. All banks and other financial institutions (OFls) are, by this letter, required to check their database for the names “Jamaatu Ahlis-sunna Uddaawati Wal Jihad” otherwise known as “Boko Haram” Sect and “Jama’atu Ansarul Muslimina Fi Biladis Sudan “ as well as their associates and to report same to the Central Bank of Nigeria. Where no accounts or business relationship are maintained for any of the proscribed names or their associate, a nil return should be rendered.”

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