The Federal Government has ordered all Nigerian financial institutions to immediately freeze assets linked to ISIS financiers, following US sanctions on Lagos-based Mukhtar Adamu Muhammad and three Bureau De Change operations allegedly used to funnel funds to the terror group.
Nigeria and Washington are sending a joint message to terror financiers — your money is no longer safe.
The Federal Government yesterday directed all financial institutions and designated non-financial businesses to immediately comply with sanctions obligations, including freezing assets of individuals and entities linked to terrorist financing.
According to Vanguard,the directive follows a bombshell move by the US government, which invoked Executive Order 13224 to sanction Mukhtar Adamu Muhammad, a 35-year-old Lagos-based financier, alongside three Bureau De Change operations — Generation Currency Bureau De Change Limited, Nine to Nine Exchange Bureau De Change Limited and Manhattan Bureau De Change Limited — for allegedly channelling funds to ISIS across Europe, the Middle East and West Africa.
Nigeria had already moved independently. On June 18, 2026, the Federal Government added six more names to its sanctions list, including Ibrahim Yakubu Ogirima, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Umar Usman, Babangida Muhammed and Adamu Hammajam, plus Abbal Bako & Sons Bureau De Change Limited.
The Nigerian Sanctions Committee pulled no punches in its response.
“The Federal Government reiterates its directive to all financial institutions and designated non-financial businesses and professions to comply fully with all sanctions obligations, including asset-freezing requirements, the filing of Suspicious Transaction Reports and the reporting of relevant matches to the appropriate authorities,” the committee declared.
The committee described the US action as placing Washington’s full weight behind Nigeria’s existing sanctions — a coordinated financial chokehold on terror networks.
Terrorists may have guns. They won’t have money.
NEWS NOW:
