The United States has designated a Nigerian national and three companies operating in Nigeria as alleged facilitators of financial activities linked to the Islamic State of Iraq and Syria (ISIS).
The sanctions, announced under Executive Order 13224, target Mukhtar Adamu Muhammad, a 35-year-old Lagos-based Bureau De Change operator, and three bureaux de change linked to him: Generation Currency Bureau De Change Limited and Nine to Nine Exchange Bureau De Change Limited in Lagos State, and Manhattan Bureau De Change Limited in Kano State.
According to the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), Muhammad allegedly served as a conduit for ISIS financing through the bureaux de change operating in Lagos and Kano. The sanctions form part of a broader action targeting ISIS financial networks spanning France, Turkiye, Syria, and Nigeria.
US State Department spokesperson Thomas Pigott said the measures were aimed at dismantling ISIS’s ability to finance terrorism worldwide. “We are cutting off the financial lifelines that enable ISIS to fund attacks, support its regional affiliates, and threaten civilians, including religious minorities,” he said.
The sanctioned individuals and entities have been added to OFAC’s Specially Designated Nationals list, freezing any assets under US jurisdiction and prohibiting American individuals and organisations from conducting transactions with them.
All rights reserved ©2026 CDA News Nigeria.
Contact: info@cdanews.ng, www.cdaews.ng, +2348030980314 | 348 Ikwerre Road, Port Harcourt, Rivers State.
