US Names Nigerian, Three Local Firms in Fresh ISIS Terror Financing Sanctions

The United States government has identified a Nigerian citizen and three Nigeria-based companies among individuals and organisations accused of supporting the financing activities of the Islamic State of Iraq and Syria (ISIS).

The sanctions were announced as part of a broader operation targeting three individuals and six entities allegedly involved in moving funds for ISIS-linked activities across several countries.

According to a statement issued by U.S. Department of State spokesperson Thomas Pigott, the latest designations affect individuals and organisations operating in France, Syria, Türkiye, and Nigeria. The U.S. said the network played a significant role in facilitating cross-border financial transactions for the terrorist group.

Pigott explained that the operation uncovered a financial network stretching across Europe, the Middle East, and West Africa. He said those sanctioned include a France-based operative accused of providing information on explosives to ISIS supporters, a Syria-based individual allegedly involved in cryptocurrency transfers for ISIS associates, and a Nigerian facilitator whose money exchange businesses were reportedly used to channel funds linked to the terrorist organisation.

The U.S. government also released the identities of the individuals and companies placed on its Specially Designated Nationals (SDN) list.

Among those named is Mukhtar Adamu Muhammad, a Nigerian national alleged to have connections with ISIS-West Africa. Three Nigerian firms were also sanctioned for their alleged involvement in the financial network. They are Generation Currency Bureau De Change Limited in Lagos, Nine to Nine Exchange Bureau De Change Limited in Ikeja, Lagos, and Manhattan Bureau De Change Limited in Kano.

Other entities listed include Alkaram Danismanlik Gayrimenkul Ic ve Dis Genel Ticaret Limited Sirketi and Spider Gayrimenkul ve Genel Ticaret Limited Sirketi, both based in Türkiye, as well as Bitcoin Exchange Agent Idlib’s No.1 Coin Exchange in Syria.

The United States reiterated its commitment to working closely with Nigeria and other international partners in the fight against terrorism. The statement referenced the joint operation conducted on May 16, 2026, which led to the death of Abu-Bilal al-Minuki, described as the second-highest-ranking ISIS official.

Pigott stressed that Washington would continue deploying diplomatic, legal, and financial 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, regardless of where they operate or how they move money,” he stated.

The sanctions were imposed under Executive Order 13224, which authorises action against individuals and organisations linked to terrorism. ISIS, formerly known as al-Qa’ida in Iraq, has been designated a Specially Designated Global Terrorist organisation by the United States since 2004.