FG Reacts As US Blacklist Nigerians For Funding Terrorism

The Federal Government (FG) has welcomed the decision of the United States to sanction a Nigerian businessman, Mukthar Muhammad Adamu, and two Bureau De Change operators over their alleged involvement in terrorism financing.

Naija News reports that the government described the action as a major boost to ongoing efforts to disrupt financial networks linked to terrorist organisations operating within and outside Nigeria.

In a statement issued on Wednesday by the Nigerian Financial Intelligence Unit (NFIU), the Nigeria Sanctions Committee said the sanctions imposed by the United States Office of Foreign Assets Control underscored growing international cooperation in combating terrorism financing.

The committee noted that Adamu, alongside Nine to Nine BDC Limited and Generation Currency BDC Limited, had already been placed on Nigeria’s sanctions list on June 18, 2026, before the US action.

According to the committee, the designation followed months of intelligence gathering, financial investigations and risk assessments conducted by relevant Nigerian security and financial agencies.

The committee said the investigations established reasonable grounds to believe that the affected individuals and entities facilitated, financed or otherwise supported the activities of the Islamic State West Africa Province and affiliated terrorist groups.

It added that the US sanctions would further strengthen efforts to deny alleged terrorist financiers access to the global financial system.

Apart from Mukthar Muhammad Adamu, the committee said other persons listed by Nigerian authorities include Ibrahim Yakubu Ogirima, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Umar Usman and Babangida Muhammed Adamu Hammajam.

The listed entities include Abbal Bako & Sons Bureau De Change Limited, Generation Currency BDC Limited and Nine to Nine BDC Limited.

The committee reiterated its directive to banks, other financial institutions and designated non-financial businesses to comply fully with sanctions obligations.

These include freezing assets linked to designated persons and entities, filing Suspicious Transaction Reports and notifying relevant authorities of any identified matches.

The committee praised the collaborative efforts of the Federal Ministry of Justice, the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) in investigating and disrupting financial networks linked to terrorism.

It reaffirmed Nigeria’s commitment to working with domestic institutions and international partners to strengthen the integrity of the country’s financial system and prevent terrorist groups from accessing resources capable of sustaining their operations.