US Sanctions Alleged Lagos Based ISIS Financier, Targets Terror Funding Network
The United States has imposed sanctions on a Lagos-based man, Mukhtar Adamu Muhammad, over allegations of financing the Islamic State (ISIS), in a move aimed at disrupting the terrorist group's global financial network.
The sanctions, announced under Executive Order 13224 by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), also target three Nigerian bureaux de change allegedly used to facilitate terrorist financing.
The affected businesses are Generation Currency Bureau De Change Limited and Nine to Nine Exchange Bureau De Change Limited, both based in Lagos, as well as Manhattan Bureau De Change Limited in Kano State.
According to U.S. authorities, Muhammad allegedly acted as a financial conduit for ISIS-West Africa, using the bureaux de change to channel funds in support of the terrorist organisation. The sanctions form part of a broader operation targeting ISIS financial networks across Europe, the Middle East, and West Africa.
The U.S. government said the measures are designed to cut off the financial lifelines that enable ISIS to finance attacks, support regional affiliates, and sustain its global operations.
Washington also reaffirmed its security partnership with Nigeria, citing Abuja's role in the May 2026 operation that eliminated Abu-Bilal al-Minuki, identified as ISIS's second-highest-ranking leader.
Meanwhile, Nigerian troops sustained counterterrorism operations by neutralising suspected ISWAP operatives, as the Federal Government continues to strengthen intelligence sharing and security cooperation with international partners.
The sanctioned individual and companies have been added to OFAC's Specially Designated Nationals (SDN) list, resulting in the freezing of any assets under U.S. jurisdiction and prohibiting American individuals and organisations from engaging in financial transactions with them.
The latest action underscores growing international efforts to dismantle terrorist financing networks and strengthen global cooperation in the fight against extremism.

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