By Luminous Jannamike
ABUJA — The Federal Government has declared that terrorists and their financiers will find no safe haven within Nigeria’s financial system after the United States imposed sanctions on two Bureau de Change firms and an individual previously designated by Nigerian authorities over alleged terrorism financing.
The move effectively places Washington’s weight behind sanctions already imposed by Nigeria, signalling a coordinated effort to choke off the financial networks that help sustain terrorist groups and other extremist actors.
In a statement by the Secretary of the Nigeria Sanctions Committee and made available to journalists by the Nigeria Financial Intelligence Unit (NFIU), the committee welcomed the decision of the United States Office of Foreign Assets Control (OFAC) to designate Mukthar Muhammad Adamu, Nine to Nine BDC Limited and Generation Currency BDC Limited.
The three were among those included in an update to the Nigeria Sanctions List published on June 18, 2026.
