U.S. Sanctions Nigerian National, Three Firms Over Alleged ISIS-Linked Financial Activities

The United States government has sanctioned a Nigerian national and three Nigeria-based financial firms over allegations that they helped move funds linked to the Islamic State of Iraq and Syria (ISIS).

The sanctions, announced by the U.S. Department of State, are part of a broader crackdown on individuals and entities accused of supporting ISIS’s global financial operations. The action targets three individuals and six companies operating in Nigeria, France, Syria, and Türkiye.

Among those sanctioned is Mukhtar Adamu Muhammad, whom U.S. authorities allege is connected to ISIS West Africa through a network of money exchange businesses in Nigeria.

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The U.S. also designated three Nigerian firms allegedly linked to Muhammad: Generation Currency Bureau de Change Limited, Manhattan Bureau de Change Limited, and Nine to Nine Exchange Bureau de Change Limited. Authorities claim the companies were used to move funds connected to ISIS activities.

According to U.S. officials, the network spans Europe, the Middle East, and West Africa, helping ISIS raise, transfer, and distribute money across borders.

State Department spokesperson Thomas Pigott said the measures were aimed at disrupting the terr%rist group’s financial infrastructure and preventing supporters from providing resources that could sustain its operations.

The sanctions were issued under Executive Order 13224, a U.S. counterterr%rism framework used to target individuals and organisations accused of supporting terr%rist groups.

Washington said it remains committed to working with international partners to identify and disrupt ISIS-linked financial networks worldwide.

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