Nigeria TV Info 

US Names Three Nigerian BDCs in Alleged ISIS Financing Network

The United States government has released a new list of individuals and entities allegedly involved in financing the Islamic State (ISIS), with three Nigerian Bureau De Change (BDC) companies and a Lagos-based operator appearing among those sanctioned.

According to the US Department of the Treasury's Office of Foreign Assets Control (OFAC), the sanctions target a financial network accused of moving funds for the Islamic State West Africa Province (ISWAP) through money exchange businesses operating across several countries, including Nigeria, France, Syria, and Turkey.

The Nigerian BDCs identified in the sanctions list are:

• Generation Currency Bureau De Change Limited (Lagos)
• Nine to Nine Exchange Bureau De Change Limited (Lagos)
• Manhattan Bureau De Change Limited (Kano)

The US also named Muhammad Mukhtar Adamu, a Lagos-based BDC operator, alleging that he facilitated financial transactions on behalf of ISIS/ISWAP.

US officials stated that the sanctions are intended to disrupt terrorist financing networks by freezing any assets under US jurisdiction and prohibiting American individuals and businesses from engaging in transactions with the designated persons and entities.

The announcement forms part of broader international efforts to cut off financial support for extremist organizations operating in West Africa and beyond. Nigerian authorities have not yet issued an official response regarding the latest US sanctions at the time of reporting.