The money tap is closing.
The Federal Government, working with the United States, just dropped the hammer on 6 Nigerians and 3 Bureau De Change companies accused of bankrolling terrorism.
Names. Assets. Access to global finance—all frozen.
—“We welcome this decision” – FG—
The Nigerian Financial Intelligence Unit announced it Wednesday.
![](https://www.theconclaveng.com/wp-content/uploads/2026/09/Hartland.png")
The US Office of Foreign Assets Control had just sanctioned Nigerian businessman Mukthar Muhammad Adamu, plus Nine to Nine BDC Limited and Generation Currency BDC Limited.
Abuja didn’t wait for Washington. Nigeria’s Sanctions Committee said it had already listed Adamu and the two BDCs on June 18, 2026.
The US move, the committee said, shows “stronger cooperation between countries in the fight against terrorism financing.”
—Months of tracking, then the net closed—
The committee said it wasn’t random. “Several months of intelligence gathering, financial investigations, and security assessments” led here. Agencies traced the money trail.
Their conclusion: These individuals and companies “helped support, fund, or facilitate” ISWAP—Islamic State West Africa Province—and other terrorist groups.
The US sanctions mean they’re now locked out of the international financial system. No SWIFT transfers. No dollar accounts. No foreign assets. If you fund terrorists, you don’t bank anywhere.
—The full list: 6 names, 3 companies—
Besides Mukthar Muhammad Adamu, Nigeria named:
1. Ibrahim Yakubu Ogirima
2. Adamu Chiroma
3. Ibrahim Abubakar
4. Abdullahi Umar Usman
5. Babangida Muhammed Adamu Hammajam
Companies:
1. Abbal Bako & Sons Bureau De Change Limited
2. Generation Currency BDC Limited
3. Nine to Nine BDC Limited
–“Freeze everything. Report everything”—
The Sanctions Committee gave a direct order to banks, fintechs, and all financial institutions:
1. Freeze any assets tied to these names immediately.
2. Flag and report suspicious transactions.
3. Alert authorities the moment you spot a match.
No loopholes. No delays. “Fully obey all sanctions requirements,” the committee warned.
—Teamwork behind the crackdown—
NFIU didn’t act alone. They credited the Federal Ministry of Justice, NSA office, CBN, DSS, EFCC, and NFIU itself for months of joint investigation to “disrupt financial networks linked to terrorism.”Oyo CAN directs churches to beef up security, suspend late activities
The message from government: Terrorists need money to buy guns, pay fighters, and move logistics. Cut the money, you cut the war.
—The fight shifts to finance—
For years the battle was in Sambisa Forest and Lake Chad. Now it’s in bank accounts and BDC ledgers. Abuja is saying: If you move cash for ISWAP, we will find you—whether you’re in Kano, Dubai, or London.
The government reaffirmed its pledge to keep working with local and international partners to “protect the country’s financial system and stop terrorist groups from obtaining funds.”
