The Federal Government has backed the United States’ decision to sanction Nigerian businessman Mukthar Muhammad Adamu and two Bureau De Change firms over alleged links to terrorism financing.
According to the Nigerian Financial Intelligence Unit (NFIU), the move strengthens ongoing efforts to dismantle financial networks supporting terrorist groups within and beyond Nigeria. Authorities noted that the affected individuals and companies had already been added to Nigeria’s sanctions list on June 18, 2026, following extensive investigations and intelligence gathering.
The Nigeria Sanctions Committee said the suspects are believed to have provided financial support to the Islamic State West Africa Province (ISWAP) and related terrorist organisations. It added that the US sanctions would help block access to the global financial system for those accused of funding terrorism.
The committee also directed financial institutions to strictly enforce sanctions measures, including freezing assets, reporting suspicious transactions and alerting relevant authorities.
The government commended the joint efforts of security and financial agencies, reaffirming Nigeria’s commitment to working with international partners to combat terrorism financing and protect the integrity of the country’s financial system.