Section 1: Objectives.

(1) The objective of this Act is to provide for —
(a) effective, unified and comprehensive legal, regulatory and institutional framework for the detection, prevention, prohibition, prosecution and punishment of acts of terrorism, terrorism financing, proliferation and financing the proliferation of weapons of mass destruction in Nigeria;
(b) mechanisms for the implementation of financial measures arising from counter-proliferation Resolutions, in line with Article 41 of the Charter of the United Nations;
(c) measures under Nigerian law for the implementation and enforcement of Regional and International Counter Terrorism Conventions, and Agreements for the combating of terrorism, terrorism financing and related offences;
(d) procedures for the declaration of a person or entity as a terrorist or terrorist entity, or terrorism financier;
(e) extra territorial jurisdiction of the courts in relation to acts of terrorism;
(f) measures to enable Nigeria to act effectively in the fight against the financing of terrorism, including mechanisms regarding reporting of suspected incidents of financial and other support for terrorist entities;
(g) measures for the detention, freezing, search and seizure, confiscation and forfeiture of terrorist property; and
(h) the compensation of victims of acts of terrorism.