The United States Government has designated a Nigerian citizen and three Nigeria-based companies for their alleged involvement in financing activities linked to the Islamic State of Iraq and Syria (ISIS).
The action forms part of a broader sanctions measure targeting three individuals and six entities accused of facilitating the movement of funds for ISIS operations across several regions of the world.
In a statement issued by the U.S. Department of State, spokesperson Thomas Pigott disclosed that the sanctions affect individuals and businesses operating in France, Syria, Türkiye, and Nigeria.
According to the statement, the designated network played a significant role in enabling ISIS to transfer funds across international borders.
“Today’s designations target three individuals and six entities operating across Europe, the Middle East, and West Africa who have enabled ISIS to move money across borders,” Pigott stated.
He explained that those sanctioned include a France-based operative accused of providing information on the use of explosives to ISIS supporters, a Syria-based facilitator who allegedly used cryptocurrency to move funds on behalf of ISIS associates in several countries, including the United States, and a Nigeria-based individual whose money exchange businesses allegedly served as channels for ISIS financing.
The Nigerian identified by U.S. authorities is Mukhtar Adamu Muhammad, who was listed as operating from Agege, Lagos State. He was designated under U.S. counter-terrorism sanctions for alleged links to the ISIS-West Africa network.
The United States also named three Nigerian financial firms allegedly connected to the financing network. They include:
Generation Currency Bureau De Change Limited, Lagos;
Manhattan Bureau De Change Limited, Kano; and
Nine to Nine Exchange Bureau De Change Limited, Ikeja, Lagos State.
Three other entities based in Türkiye and Syria were similarly designated for allegedly supporting ISIS financial transactions.
The U.S. government said the sanctions were imposed under Executive Order 13224, as amended, which targets individuals and organisations involved in terrorism and terrorist financing.
Washington further reaffirmed its security partnership with Nigeria, noting that both countries collaborated in the May 16, 2026 operation that led to the killing of Abu-Bilal al-Minuki, described by U.S. authorities as the second-highest-ranking official within ISIS.
Pigott stressed that the United States would continue to deploy diplomatic, financial, and legal measures against ISIS and its supporters worldwide.
“We will continue to use every diplomatic and legal tool available to hold ISIS and its supporters accountable wherever they operate and however they move money,” he said.
The United States reiterated its commitment to working with international partners to combat terrorism, protect vulnerable communities, and eliminate threats posed by ISIS to global peace and security.
ISIS, formerly known as Al-Qaeda in Iraq, was designated a Specially Designated Global Terrorist organisation by the United States in 2004.
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