Published: November 13, 2026

CIRCULAR TO ALL CAPITAL MARKET REGULATED ENTITIES NOTICE OF SANCTIONS:

NOTICE OF DE-LISTING OF BASSAM AHMAD AL-HASRI, IYAD NAZMI SALIH KHALIL AND SHAFI SULTAN MOHAMMED SULTAN AL-AJMI FROM THE LIST OF DESIGNATED INDIVIDUALS BY THE UNITED NATION SECURITY COUNCIL

The Securities and Exchange Commission, pursuant to its powers under the Investments and Securities Act, 2025, and the SEC AML/CFT Regulation, 2023 hereby notifies all Capital Market Regulated Entities (CMREs) that the United Nations Security Council has recently de-listed the following individuals from its sanctions list of designated individuals namely:

• BASSAM AHMAD AL-HASRI Individual QDi 399

• IYAD NAZMI SALIH KHALIL Individual QDi 400

• SHAFI SULTAN MOHAMMED SULTAN AL-AJMI Individual QDi 338

In line with the provisions of the Terrorism Prevention and Prohibition Act (TPPA) and as part of the binding list obligations for Nigeria, the Nigeria Sanctions Committee (NigSAC) has equally de-listed the above named individuals from its designated list. The foregoing notwithstanding, persons whose names have appeared on the Sanctions List are generally treated as High-Risk. Accordingly, CMREs are hereby directed to apply the enhanced Customer Due Diligence (ECDD), Know Your Customer (KYC) requirements and other AML/CFT/CPF preventive measures in dealing with the above named individuals should there be an existing client relationship or prior to establishing a business relationship with any delisted individual.

NIGERIA’s SANCTIONS (NIGSAC) ALERTS

All CMREs that are yet to subscribe to Nigeria’s Sanctions (NigSac) Alerts system are hereby 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).

Failure to comply with these directives constitutes a violation of the Investments and Securities Act, 2025, and the SEC AML/CFT/CPF Regulations, 2023 and 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 25, 2026

Notice of De-listing of BASSAM AHMAD AL-HASRI, IYAD NAZMI SALIH KHALIL AND SHAFI SULTAN MOHAMMED SULTAN AL-AJMI from the List of Designated Individuals by the United Nation Security Council