US Unmasks Alleged ISIS Financiers In Nigeria, Names Prominent Firms And Individual

The United States government has unveiled the identities of a Nigerian national and three companies allegedly linked to a global ISIS financing network, in a move that has sent shockwaves across Nigeria’s financial sector.
The disclosure was part of a wider crackdown targeting individuals and entities accused of facilitating the movement of funds for the Islamic State of Iraq and Syria (ISIS) across multiple continents.
According to a statement issued by U.S. Department of State spokesperson Thomas Pigott, the latest sanctions targeted three individuals and six entities operating across Europe, the Middle East, and West Africa.
Among those named is Mukhtar Adamu Muhammad, a Nigerian national allegedly connected to ISIS-West Africa. U.S. authorities claim that Muhammad used a network of money exchange businesses to facilitate financial transactions linked to the terrorist organization.
The three Nigerian companies listed in the sanctions are:
Generation Currency Bureau De Change Limited (Lagos)
Manhattan Bureau De Change Limited (Kano)
Nine to Nine Exchange Bureau De Change Limited (Lagos)
According to the U.S. government, the firms were allegedly used as channels for moving funds connected to ISIS activities.
Pigott stated that the sanctions expose a far-reaching financial network stretching from France and Syria to Türkiye and Nigeria, enabling ISIS operatives to transfer money across borders.
“Today’s designations target individuals and entities that have enabled ISIS to move money across borders, exposing a network that spans from France and Syria to Türkiye and Nigeria,” the statement said.
The U.S. also identified two other individuals and three foreign companies allegedly linked to the terror group’s financing structure.
Despite the revelations, Washington reaffirmed its partnership with Nigeria in the fight against terrorism, highlighting recent joint operations that led to the elimination of senior ISIS leader Abu-Bilal al-Minuki.
The United States vowed to continue deploying diplomatic, financial, and legal measures against ISIS supporters worldwide.
“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.
The sanctions were imposed under Executive Order 13224, which authorizes actions against individuals and organizations linked to terrorism financing.
The development comes as global authorities intensify efforts to disrupt financial networks sustaining extremist groups and their operations around the world.