The Federal Government, through the Nigeria Sanctions Committee, has welcomed the decision of the United States government to sanction Nigerian individuals and Bureau De Change operators allegedly linked to terrorism financing networks.
The US Treasury Department had on Tuesday designated a Nigerian, Mukhtar Muhammad Adamu, alongside three Bureau De Change firms over alleged involvement in facilitating financial transactions for the Islamic State West Africa Province (ISWAP) and other terrorist networks.
In a statement issued on Wednesday, the Nigeria Sanctions Committee said the US action followed the inclusion of the affected persons and entities on Nigeria’s sanctions list published on June 18, 2026.
The committee said the designation was based on intelligence gathering, financial investigations and inter-agency assessments which established reasonable grounds to believe the individuals and entities facilitated, financed, supported or otherwise contributed to terrorist activities.
According to the committee, the Federal Government remains committed to ensuring that terrorists and their financiers have no safe haven within Nigeria’s financial system.
The committee also directed financial institutions and designated non-financial businesses and professions to comply with sanctions obligations, including freezing assets, filing suspicious transaction reports and reporting relevant matches to authorities.
It commended the Office of the National Security Adviser, the Central Bank of Nigeria, the Department of State Services, the Economic and Financial Crimes Commission, the Nigerian Financial Intelligence Unit and the Federal Ministry of Justice for their roles in disrupting terrorism financing networks.
Individuals sanctioned by the US
1. Muhammad Mukhtar Adamu (Nigeria)
2. Miloud Abderrahmane (France)
3. Abdelhakim Boukich (Syria/Netherlands)
Entities sanctioned by the US
1. Generation Currency Bureau De Change Limited (Lagos, Nigeria)
2. Nine to Nine Exchange Bureau De Change Limited (Lagos, Nigeria)
3. Manhattan Bureau De Change Limited (Kano, Nigeria)
4. Alkaram Danismanlik Gayrimenkul Ic Ve Dis Genel Ticaret Limited Sirketi (Turkey)
5. Bitcoin Exchange Agent Idlib’s No.1 Coin Exchange (Syria)
6. Spider Gayrimenkul Ve Genel Ticaret Limited Sirketi (Turkey)
The Nigeria Sanctions Committee noted that the sanctions align with the country’s efforts to combat terrorism financing and strengthen financial integrity through collaboration with domestic and international partners.
