US Govt Releases Names of Terrorism Financiers Amid Growing Insecurity

A fresh spotlight was cast on terrorism financing and security threats on Tuesday as the United States sanctioned a Lagos-based alleged ISIS (Islamic State of Iraq and Syria) financier.

This came as troops neutralised suspected ISWAP (Islamic State West Africa Province) operatives and the Federal Government deepened counterterrorism cooperation with international partners.

The United States imposed sanctions on Mukhtar Adamu Muhammad and three bureaux de change linked to him over accusations of facilitating funds for the terrorist group.

Muhammad, 35, also known as Adamu Mukhtar and Muhammad Mukhtar, was identified as a key facilitator for ISIS-West Africa. He was listed with an address in Agege, Lagos State.

According to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), Muhammad allegedly served as a conduit for ISIS financing through bureaux de change operating in Lagos and Kano states.

The three businesses sanctioned alongside him are Generation Currency Bureau De Change Limited and Nine to Nine Exchange Bureau De Change Limited, both based in Lagos State, as well as Manhattan Bureau De Change Limited in Kano State.

According to OFAC, the network includes a France-based facilitator accused of providing information on explosives to ISIS supporters and a Syria-based operator who allegedly used cryptocurrency to transfer funds to ISIS associates in several countries, including the United States.

Announcing the sanctions, U.S. State Department spokesperson Thomas “Tommy” Pigott said the measures were aimed at disrupting the terrorist group’s financial operations worldwide.

“Under the leadership of President Trump, the United States is dismantling ISIS’s ability to finance terrorism around the world.

“We are cutting off the financial lifelines that enable ISIS to fund attacks, support its regional affiliates, and threaten civilians, including religious minorities,” Pigott said.

He added that the actions reflected sustained U.S. efforts to weaken ISIS, which he said had increasingly decentralised its operations and relied on financial intermediaries to sustain its global network.

The U.S. government also reaffirmed its security partnership with Nigeria, citing Abuja’s role in the May 16, 2026, operation that resulted in the killing of Abu-Bilal al-Minuki, described as the second-highest-ranking ISIS official.

Washington pledged to continue deploying diplomatic and legal measures against ISIS and its supporters.