The Economic and Financial Crimes Commission (EFCC) initiated a probe into Mukhtar Adamu Muhammad, a Lagos-based Bureau De Change operator, along with three associated firms for suspected involvement in terrorism funding. This investigation began prior to the United States officially imposing sanctions on the parties involved.
Insiders at the anti-graft agency indicated that investigators had already finalized the bulk of their work and were drafting legal charges just as the American government publicized its sanctions. This action by the US Department of the Treasury identifies Muhammad and three Nigerian businesses as financial conduits for the Islamic State of Iraq and Syria (ISIS).
These measures are a segment of an extensive international effort focused on three individuals and six entities accused of aiding capital movement for ISIS. According to US authorities, these targets provided essential support to financial networks that facilitate extremist activities globally.
