The Nigerian government has instructed financial institutions and professional bodies to strictly enforce sanctions by freezing all assets linked to individuals or entities accused of financing terrorism. This directive aligns with recent measures taken by the United States against a Nigerian ISIS financier and several Bureaux De Change outlets.
The U.S. government utilized Executive Order 13224 to sanction Mukhtar Adamu Muhammad and three specific currency exchange firms: Generation Currency Bureau De Change, Nine to Nine Exchange Bureau De Change, and Manhattan Bureau De Change. These entities were allegedly involved in moving funds for ISIS. Nigeria’s Sanctions Committee emphasized that these actions represent a joint effort to dismantle the financial networks supporting extremist groups.
Previously, on June 18, 2026, the Nigerian government had already added several names to its local sanctions list, including Ibrahim Yakubu Ogirima, Adamu Chiroma, and Abbal Bako & Sons Bureau De Change. The committee noted that these designations were the result of thorough intelligence gathering and financial investigations linking the parties to ISWAP activities.
In a related update, the Chief of Defence Intelligence, Lt. General Emmanuel Undiandeye, stated that the Nigerian military is collaborating with forces from the U.S., UK, and France. He claimed this cooperation has severely weakened the operational capabilities of ISIS and Boko Haram, effectively neutralizing many of their commanders and logistics chains.
