/ Aug 15, 2026
/ Aug 15, 2026

US blacklists Nigerian, three firms over alleged ISIS financing links

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The United States has designated a Nigerian national and three Nigerian companies for allegedly facilitating financial transactions linked to the terrorist group ISIS, according to a statement from the U.S. Department of State reported.

 

The sanctions form part of a broader action targeting three individuals and six entities operating across Europe, the Middle East and West Africa. U.S. authorities allege the network helped move funds for ISIS activities across multiple countries.

The Nigerian named in the designation is Mukhtar Adamu Muhammad, who U.S. officials say was connected to ISIS West Africa.

Three Nigerian businesses were also designated:

Generation Currency Bureau de Change Limited

Manhattan Bureau de Change Limited

Nine to Nine Exchange Bureau de Change Limited

According to U.S. Department of State spokesperson Thomas Pigott, the designated network enabled ISIS to move money across borders through various financial channels.

Pigott said the action exposed a network stretching from France and Syria to Türkiye and Nigeria. He added that one Nigeria-based facilitator allegedly used money exchange businesses as conduits for ISIS financing.

The U.S. also highlighted ongoing cooperation with Nigeria on counterterrorism efforts. American officials referenced the joint operation conducted on May 16, 2026, which reportedly resulted in the killing of Abu-Bilal al-Minuki, described as ISIS’s second-in-command.

The U.S. government said it would continue using diplomatic and legal measures to target ISIS supporters and financial networks worldwide.

The sanctions were imposed under Executive Order 13224, a framework used by Washington to designate individuals and organisations accused of supporting terrorism.

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