US sanctions Nigerian money exchangers for ISIS financing

The United States has imposed sanctions on a Nigerian national and three Nigerian money service businesses, accusing them of acting as financial facilitators for the Islamic State in West Africa Province. The actions were announced on Monday, June 22, 2026, as part of a broader international sanctions package targeting three individuals and six entities across Europe, the Middle East, and West Africa.

The U.S. Department of the Treasury’s Office of Foreign Assets Control designated Muhammad Mukhtar Adamu, a 35-year-old Nigerian national from Lagos, as an alleged financier for ISIS-West Africa. Authorities allege he used bureau de change operations to conduct financial transactions and money transfers on behalf of the terrorist group. The three Nigerian companies sanctioned are Nine To Nine Exchange Bureau De Change Limited in Lagos, Manhattan Bureau De Change Limited in Kano, and Generation Currency Bureau De Change Limited in Lagos.

The broader sanctions network also includes a French national, Abderrahmane Miloud, accused of providing explosives-related information to ISIS supporters, and a Syrian-based facilitator, Abdelhakim Boukich, alleged to have used a Bitcoin exchange...