Abuja, June 26, 2026 – The Central Bank of Nigeria (CBN) has directed financial institutions in the country to freeze accounts, assets, and transactions of six individuals and four Bureau De Change (BDC) linked to terrorism financing.
The apex bank gave the directive in a circular dated June 24, 2026.
The action followed new reports of Nigerians and companies linked to terrorism financing by the United States of America.
The new sanctions were issued by the Nigeria Sanctions Committee (NIGSAC) and the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) under Executive Order 13224, as amended.
The statement listed six new individuals linked to terrorism financing and added to the Specially Designated Nationals (SDN) and Blocked Persons List as Muktar Muhammad Adamu, Babangida Muhammed Adamu Hammajam, Abdullahi Umar UsmanUmar Usman, Ibrahim Abubakar, Adamu Chiroma, and Yakubu Ogirima Ibrahim.
The four BDC operators designated as owned or controlled by the listed individuals are Generation Currency Bureau de Change Limited, Manhattan Bureau De Change Limited, Nine to Nine Exchange Bureau De Change Limited, and Abbal Bako & Sons Bureau De Change Limited.
The CBN directed financial institutions to identify and immediately freeze, without prior notice, all funds, assets, and other economic resources belonging to, owned, held, or controlled, directly or indirectly, by the designated individuals and entities.
