By DAYO ADESULU
ABUJA – The Federal Government has officially designated six individuals and three companies for their alleged involvement in financing terrorism activities in Nigeria, as part of ongoing efforts to disrupt financial networks linked to terrorist organisations.
The announcement was made by the Secretary of the Nigerian Sanctions Committee, , who disclosed that the updated sanctions list was approved and published on June 18, 2026, following intelligence reports, financial investigations, and security assessments conducted by relevant agencies.
The latest action comes shortly after the (OFAC), an agency of the U.S. Treasury Department, imposed sanctions on and several bureau de change operators over alleged financial links to the terrorist group known as the .
Individuals Listed by Government
According to the sanctions list released by the Federal Government, the affected individuals are:
- Ibrahim Yakubu Ogirima
- Muktar Muhammad Adamu
- Adamu Chiroma
- Ibrahim Abubakar
- Abdullahi Umar
- Usman Babangida Muhammed Adamu Hammajam
Companies Designated
The government also sanctioned three companies allegedly linked to terrorism financing activities:
- Abbal Bako & Sons Bureau De Change Limited
- Generation Currency BDC Limited
- Nine to Nine BDC Limited
Financial Institutions Ordered to Enforce Sanctions
Jedy-Agba stated that the sanctions followed extensive intelligence gathering and financial investigations which established reasonable grounds to suspect that the affected individuals and entities were involved in supporting or facilitating terrorist activities.
She directed banks, financial institutions, and designated non-financial businesses across the country to immediately implement the sanctions by identifying and freezing assets connected to the listed persons and companies.
According to her, institutions are also required to submit Suspicious Transaction Reports and promptly notify relevant authorities of any financial dealings linked to the sanctioned individuals or entities.
“The Federal Government reiterates its directive to all financial institutions and designated non-financial businesses and professions to continue complying with all sanctions obligations, including asset-freezing requirements, filing of Suspicious Transaction Reports, and reporting all relevant matches to the appropriate authorities,” she said.
Government Intensifies Anti-Terror Financing Campaign
The Federal Government reaffirmed its commitment to combating terrorism financing and strengthening measures aimed at blocking financial channels used by terrorist groups operating within and outside Nigeria.
Security experts have repeatedly identified the disruption of funding networks as a critical component of the country’s counter-terrorism strategy, particularly in the fight against insurgent groups operating in the North-East and other troubled regions.
US Highlights Security Cooperation With Nigeria
The development comes amid growing security cooperation between Nigeria and the United States.
Recently, U.S. Secretary of State stated that American and Nigerian security agencies had strengthened collaboration against terrorism, leading to significant successes against extremist groups, including ISWAP.
Rubio noted that both countries continue to share intelligence and coordinate efforts aimed at degrading the operational and financial capabilities of terrorist organisations threatening regional stability.
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