The Special Control Unit Against Money Laundering (SCUML) arm of the Economic and Financial Crimes Commission (EFCC) has sealed off the premises of two companies in Sokoto State for failing to comply with anti–money laundering rules.
The firms, Iman Multi Structures Ltd and Daraja Motors, classified as Designated Non-Financial Businesses and Professions (DNFBPs), were closed down on Monday, September 29, 2025.
According to the EFCC, both firms had previously been sanctioned and fined—Iman Multi Structures on June 18 and Daraja Motors on August 13, 2025—for breaching provisions of the Money Laundering (Prevention and Prohibition) Act, 2022 and the EFCC AML/CFT/CPF Regulations, 2024. However, they allegedly failed to pay the required fines within the deadlines set by the Commission.
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ACE Ahmadu Bello, Assistant Commander of the EFCC and Zonal Coordinator for SCUML, stated that the ultimatum for compliance had lapsed over a month prior to the enforcement action. He also said that the closures will remain in place until the companies fully adhere to the law.
The move underscores the EFCC’s intensifying crackdown on noncompliant entities and its resolve to enforce anti–money laundering regulations across sectors in Nigeria.