US Sanctions Nigerian, Three Firms Over Alleged ISIS Financing
Princess-Ekwi Ajide
The United States has widened its global campaign against terrorism financing by sanctioning a Nigerian national and three Nigeria-based companies accused of facilitating financial transactions linked to the Islamic State of Iraq and Syria (ISIS).
The sanctions, announced by the U.S. Department of State, target Mukhtar Adamu Muhammad, a Lagos resident, alongside Generation Currency Bureau de Change Limited and Nine to Nine Exchange Bureau de Change Limited in Lagos, and Manhattan Bureau de Change Limited in Kano.
According to U.S. authorities, the individuals and entities formed part of a transnational financial network allegedly used to move funds for ISIS operations across Europe, the Middle East and West Africa.
U.S. State Department spokesperson Thomas Pigott said the action exposed a network spanning France, Syria, Türkiye and Nigeria, involving facilitators accused of transferring funds, sharing explosives-related information and supporting ISIS-linked activities through cryptocurrency and money exchange businesses.
The sanctions were imposed under Executive Order 13224, which authorises measures against individuals and organisations linked to terrorism.
Washington also reaffirmed its security cooperation with Nigeria, citing joint efforts that led to the killing of senior ISIS commander Abu-Bilal al-Minuki in May 2026.
The U.S. government said it would continue using diplomatic and legal tools to disrupt ISIS networks and their financial backers worldwide.
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