The Federal Government has released a fresh list of 15 individuals and companies accused of bankrolling terrorism across the country. This announcement, part of Nigeria’s renewed effort against extremist networks, represents a decisive action in the ongoing 2024 counter-terrorism campaign.
According to officials, the list emerged from an extensive security review conducted by multiple agencies tracking financial flows, logistics supply routes, and cross-border transactions. The review identified nine individuals and six business entities believed to have provided financial support, material assistance, or other enabling resources to terrorist groups operating both within and outside Nigeria.
Notable names on the list include Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi. In addition to these individuals, several companies—many of which are Bureau De Change operators and general trading outfits—have been implicated in linking transactions to terror-funding networks. The firms identified include West & East Africa General Trading Company Limited, Settings Bureau De Change Ltd, G. Side General Enterprises, Desert Exchange Ventures Ltd, Eagle Square General Trading Company Limited, and Alfa Exchange BDC.
Security officials involved in the investigation described the move as the result of “months of intelligence tracking,” during which teams analyzed suspicious cash movements, communication patterns, and coordinated with international partners. The aim, according to one senior officer, is to “cut off the oxygen supply” that sustains extremist cells.
Government authorities explained that this action is part of a broader national effort to tighten financial sector regulations, monitor high-risk money-changing activities, and reinforce military operations in areas affected by terrorism. They also indicated that this is only the first phase, with more names under examination for potential addition to the sanctions list in the coming months.
Officials emphasized that the crackdown extends beyond merely naming suspects; agencies are now expected to implement restrictions, freeze accounts where necessary, and track any further movements linked to the identified individuals and firms.
In a related development, the government has intensified oversight on Bureau De Change operations nationwide, following reports that unregulated currency trading has become a soft landing for illicit financing. This latest announcement appears to be a continuation of the broader effort to block all financial pipelines that enable terrorist activities.
Leave a Reply