FG Updates Sanctions List, Targets Terrorism Financiers
The Nigeria Sanctions Committee has welcomed the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC), describing the move as a boost to Nigeria’s ongoing efforts to combat terrorism financing.
The designations follow the broader update to the Nigeria Sanctions List published on June 18, 2026, which named six individuals and three companies after extensive intelligence gathering, financial investigations, and inter-agency assessments.
Authorities said the listed entities were found to have facilitated or supported the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.
Among those added to the Nigeria Sanctions List are Ibrahim Yakubu Ogirima, Muktar Muhammad Adamu, Adamu Chiroma, Ibrahim Abubakar, Abdullahi Umar Usman, Babangida Muhammed Adamu Hammajam, Abbal Bako & Sons Bureau De Change Limited, Generation Currency BDC Limited, and Nine to Nine BDC Limited.
The Federal Government reiterated its directive to financial institutions and designated non-financial businesses to comply with sanctions obligations, including asset-freezing requirements and the filing of Suspicious Transaction Reports.
Commending the coordinated efforts of the Ministry of Justice, Office of the National Security Adviser, Central Bank of Nigeria (CBN), DSS, EFCC, and the Nigerian Financial Intelligence Unit, the Committee said, “Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.”
Officials stressed that Nigeria will continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global counter-terrorism efforts.