Oghenochuko Ojiri, an art expert associated with the BBC's Bargain Hunt, has admitted to failing to report £140,000 in art sales to Nazem Ahmad, who is alleged to have financial links to the terrorist organization Hezbollah. Ojiri pleaded guilty to eight counts under the Terrorism Act 2000, highlighting compliance failures within the art sector. Despite acknowledging Ahmad's sanctioned status, Ojiri continued to negotiate sales and interact positively with him. This case is significant as it's the first prosecution of its kind in the art world regarding anti-terrorism compliance.
Ojiri's refusal to disclose high-value art sales raises significant concerns about compliance in the art market, especially regarding transactions with suspected terrorists.
Despite being aware of Ahmad's sanctions, Ojiri sold artwork worth £140,000 and engaged directly with him, acknowledging the seriousness of his offenses.
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