The Nigerian government has expressed support for the recent United States sanctions imposed on Mukthar Muhammad Adamu and two currency exchange firms accused of funding terrorism. The Nigeria Sanctions Committee noted that this move aligns with Nigeria’s own internal designations finalized on June 18, 2026.
Multilateral investigations involving financial monitoring and intelligence operations linked these entities to the Islamic State West Africa Province (ISWAP). These designations build upon a list published by Nigerian authorities earlier this year, which also named other individuals such as Ibrahim Yakubu Ogirima and businesses like Abbal Bako & Sons Bureau De Change Limited.
Officials have instructed domestic financial institutions to maintain strict adherence to sanction protocols. This includes the freezing of assets and the mandatory reporting of any suspicious transactions. The government emphasized its ongoing commitment to collaborating with global partners to safeguard the financial system and disrupt the funding pipelines of extremist groups.
The US Treasury Department specifically identified Muhammad, a Lagos-based operator, for allegedly facilitating money transfers on behalf of ISWAP. Nigerian authorities commended the collaborative enforcement efforts aimed at preventing militant groups from utilizing the formal financial sector.
