Lagos, June 24, 2026 – The United States has sanctioned a Nigerian and three Bureau de Change companies based in Nigeria for allegedly financing the Islamic State West Africa Province (ISWAP).
With the sanctions, all property and interests belonging to the designated persons and entities under U.S. jurisdiction have been blocked, while American citizens and companies are prohibited from conducting transactions with them.
Tommy Pigot, the Spokesman for the US State Department, announced this in a statement.
The statement said the Nigeria-based individual was among three individuals and six entities operating across Europe, the Middle East and West Africa allegedly enabling ISIS to finance terrorism
It named Mukhtar Adamu Muhammad, a Nigerian, as an alleged ISWAP financial facilitator.
He is alleged to be conducting money transfers and providing financial services on behalf of the extremist group.
Muhammad is also alleged to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of ISIS-West Africa.
The U.S. also sanctioned the Nine to Nine Exchange Bureau de Change Limited, Manhattan Bureau de Change Limited and Generation Currency Bureau de Change Limited, which were said to be owned, controlled or directed by Muhammad and used to move funds linked to ISIS activities.
In addition to the Nigerian network, the sanctions targeted France-based Miloud Abderrahmane and Syria-based Abdelhakim Boukich.
