The Nigeria Sanctions Committee publishes a national list of individuals and entities designated for involvement in terrorism or terrorist financing. Under the Terrorism (Prevention and Prohibition) Act, 2022, financial institutions and designated non-financial businesses and professions must freeze designated parties’ funds and economic resources without prior notice, prohibit dealings with them, report relevant assets and attempted transactions to the NIGSAC Secretariat and file Suspicious Transaction Reports (STRs) with the Nigerian Financial Intelligence Unit (NFIU).