The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a Nigerian national and three Nigeria-based companies as Specially Designated Global Terrorists (SDGT) for their alleged roles in facilitating financial support to the Islamic State of Iraq and Syria (ISIS), particularly ISIS-West Africa Province.
The action, announced on June 22, 2026, forms part of a broader global crackdown targeting a network spanning Europe, the Middle East, and West Africa that enables ISIS to move funds across borders.
Mukhtar Adamu Muhammad (also known as Adamu Mukhtar or Muhammad Mukhtar), No. 45 Abimbola Street, off Capital Road, Morcas Agege, Lagos State, Nigeria. DOB: 02/03 August 1990. Nigerian national. Designated for materially assisting ISIS-West Africa through money transfers.
Nigerian Companies (Bureau de Change): Generation Currency Bureau de Change Limited, Lagos, Nigeria (RC 1555604). Manhattan Bureau de Change Limited, No. 59 Murtala Mohammed Way, Wapa, Kano, Nigeria (RC 1763824). Nine to Nine Exchange Bureau de Change Limited, Ikeja, Lagos State, Nigeria (RC 1462752).
These entities are alleged to be owned, controlled, or directed by Mukhtar Adamu Muhammad and served as conduits for ISIS financing.
Other designations in the same action included individuals and entities in France, Syria, and Türkiye, but the focus on Nigerian links highlights ongoing international cooperation against terrorism financing networks in West Africa.
The U.S. State Department spokesperson, Thomas Pigott, stated: “Today’s designations target three individuals and six entities... who have enabled ISIS to move money across borders exposing a network that spans from France and Syria to Türkiye and Nigeria.” He reaffirmed the strong partnership between the U.S. and Nigeria in counter-terrorism efforts.
The designations block any property or interests in property of the designated persons and entities within U.S. jurisdiction and prohibit U.S. persons from engaging in transactions with them. The U.S. Treasury urged global financial institutions and partners to take similar protective measures.
The Nigerian government is expected to review the designations and coordinate with international partners, including through agencies like the Nigeria Financial Intelligence Unit (NFIU) and the Economic and Financial Crimes Commission (EFCC), to address any domestic implications.