Nigeria welcomes US sanctions on alleged ISWAP financier, BDC firms

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Nigeria has welcomed the determination by the United States to enforce sanctions connected Mukthar Muhammad Adamu and 2 Bureau De Change companies implicit alleged links to coercion financing.

In a connection issued connected Wednesday, the Nigeria Sanctions Committee said the US enactment followed Nigeria’s earlier designation of the individuals and businesses connected its sanctions database connected June 18, 2026.

The committee said investigations involving quality gathering, fiscal tracking and assessments by aggregate agencies recovered tenable grounds to judge that the affected individuals and companies supported oregon financed the activities of the Islamic State West Africa Province (ISWAP) and related violent networks.

“These designations travel the inclusion of Adamu and his companies arsenic portion of a broader update to the Nigeria Sanctions List approved and published connected 18th June 2026,” the committee said.

Those listed by Nigeria see Ibrahim Yakubu Ogirima, Muktar Muhammad Adamu, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Umar Usman and Babangida Muhammed Adamu Hammajam.

The affected companies are Abbal Bako & Sons Bureau De Change Li...

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