US Names Nigerian Man, 3 Nigerian Firms for Alleged ISIS Financing

The United States has designated a Nigerian national and three Nigerian companies as alleged financial facilitators of the Islamic State of Iraq and Syria, ISIS, in its latest round of sanctions targeting global terror financing networks.

In a statement, on Monday, US Department of State spokesperson Thomas Pigott said the action targeted 3 individuals and 6 entities across France, Syria, Türkiye, and Nigeria for enabling ISIS to move money across borders. The designations were made under Executive Order 13224.

The US named Mukhtar Adamu Muhammad of No. 45 Abimbola Street, off Capitol Road, Morcas Agege, Lagos State, born Aug 2, 1990, as the Nigeria-based facilitator. Officials said his money exchange businesses served as conduits for ISIS financing.

Three of the six companies sanctioned are also Nigerian:

1. Generation Currency Bureau De Change Limited – Lagos, RC 1555604

2. Manhattan Bureau De Change Limited – No. 59 Murtala Mohammed Way, Wapa, Kano, RC 1763824  

3. Nine to Nine Exchange Bureau De Change Limited – Ikeja, Lagos State, RC 1462752

The US linked all three BDCs to Mukhtar Adamu and the ISIS network.

Other individuals designated include Miloud Abderrahmane of France, accused of sharing explosives information with ISIS supporters, and Abdelhakim Boukich of Syria, alleged to have used cryptocurrency to transfer ISIS funds globally.

The State Department reaffirmed its “strong partnership with Nigeria,” noting Nigeria joined the US in a May 16, 2026 operation that killed Abu-Bilal al-Minuki, described as ISIS’s number two official.

“We will continue to use every diplomatic and legal tool available to hold ISIS and its supporters accountable — wherever they operate and however they move money,” Pigott said.

ISIS, formerly al-Qa’ida in Iraq, was designated a Specially Designated Global Terrorist organisation by the US in 2004. The new SDN listings mean all US assets of the individuals and companies are frozen, and Americans are barred from dealing with them.