The United States government has officially sanctioned a Nigerian national and three domestic Bureau de Change (BDC) companies for allegedly acting as financial facilitators for the Islamic State of Iraq and Syria (ISIS).
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The enforcement action, announced in a statement by U.S. State Department Spokesperson Thomas Pigott, is part of a broader global crackdown targeting three individuals and six entities accused of moving operational funds across international borders for the terrorist network.
The targeted individual was identified as Mukhtar Adamu Muhammad, operating out of Agege, Lagos State, who is accused of orchestrating cross-border transfers on behalf of ISIS in West Africa (ISIS-WA).
According to U.S. authorities, Muhammad channeled these funds through three local money service businesses he owns or controls: Generation Currency Bureau de Change Limited, Nine to Nine Exchange Bureau de Change Limited (both based in Lagos), and Manhattan Bureau de Change Limited (operating in Kano).
The sanctions, which span networks across France, Syria, Turkey, and Nigeria, effectively block all U.S.-linked assets of the named parties and prohibit international financial entities from transacting with them.
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