The United States government has imposed sanctions on a Nigerian-based individual and several companies accused of facilitating financial transactions for the Islamic State (ISIS), as part of a broader crackdown on global terrorism financing networks.
In a statement released on Monday, US State Department spokesperson Tommy Pigott announced sanctions against three individuals and six entities allegedly involved in supporting ISIS operations across Europe, the Middle East, and West Africa.
According to US authorities, the suspected financing network operated across multiple countries, including France, Syria, Türkiye, and Nigeria, enabling the movement of funds and resources linked to the terrorist organization.
Among those sanctioned is Mukhtar Adamu Muhammad, a Nigerian national accused of using money exchange businesses to facilitate financial transfers connected to ISIS-West Africa. US officials allege that these businesses played a key role in moving funds across borders to support the group’s activities.
The sanctions also target France-based Miloud Abderrahmane, who is accused of providing information on explosives to ISIS supporters, and Syria-based Boukich Abdelhakim, who allegedly used cryptocurrency channels to transfer funds to ISIS associates in several countries, including the United States.
Nigerian Companies Added to US Sanctions List
The US government identified three Nigerian companies that have been added to its Specially Designated Nationals (SDN) list due to their alleged links to the ISIS financing network:
- Generation Currency Bureau De Change Limited – Lagos State
- Nine To Nine Exchange Bureau De Change Limited – Ikeja, Lagos State
- Manhattan Bureau De Change Limited – Kano State
Authorities claim these businesses were connected to the activities of Mukhtar Adamu Muhammad and were allegedly used to facilitate transactions benefiting ISIS-affiliated operations.
Individuals Sanctioned by the United States
The individuals named under the latest sanctions include:
- Mukhtar Adamu Muhammad (Nigeria) – Allegedly linked to ISIS-West Africa financing activities.
- Boukich Abdelhakim (Syria/Netherlands) – Accused of using cryptocurrency networks to transfer funds for ISIS associates.
- Miloud Abderrahmane (France) – Allegedly provided explosives-related information to ISIS supporters.
US Vows Continued Action Against ISIS Financing
The United States reaffirmed its commitment to disrupting terrorist financing networks worldwide, stressing that diplomatic, legal, and financial measures will continue to be deployed against ISIS and its supporters.
“The United States remains committed to countering ISIS and dismantling the financial networks that enable terrorist organizations to operate across international borders,” Pigott stated.
The latest sanctions underscore ongoing international efforts to combat terrorism financing, money laundering, and the misuse of financial institutions and exchange businesses by extremist groups.
