The Federal Government has added six individuals and three companies to its sanctions list over their alleged roles in financing terrorist activities within Nigeria.
In a statement, Secretary of the Nigerian Sanctions Committee, Beatrice Jedy-Agba, revealed that the revised sanctions list received approval and was officially released on June 18, 2026, after the conclusion of intelligence reviews and investigative findings.
The announcement followed closely on the heels of sanctions imposed by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Muktar Muhammad Adamu and several bureau de change firms accused of maintaining financial connections with the Islamic State West Africa Province (ISWAP).
Names of persons and entities affected
According to Premium Times, the individuals named by the Nigerian government are:
1. Ibrahim Yakubu Ogirima
2. Muktar Muhammad Adamu
3. Adamu Chiroma
4. Ibrahim Abubakar
5. Abdullahi Umar Usman
6. Babangida Muhammed Adamu Hammajam
The entities placed under sanctions are:
1. Abbal Bako & Sons Bureau De Change Limited
2. Generation Currency BDC Limited
3. Nine to Nine BDC Limited
FG directs financial institutions to comply
Jedy-Agba explained that the sanctions were imposed after “extensive intelligence gathering, financial investigations, and inter-agency assessments” provided sufficient grounds to conclude that the listed individuals and organisations had either supported or facilitated terrorist activities, Vanguard reported.
She called on banks and other regulated businesses to act without delay by enforcing the sanctions, including freezing assets and reporting any related transactions to the relevant authorities.
The statement read:
“The Federal Government reiterates its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions’ obligations, including asset-freezing requirements, the filing of Suspicious Transaction Reports and the reporting of all relevant matches to the appropriate authorities,”
The government also restated its determination to disrupt funding networks linked to terrorist organisations while intensifying measures aimed at combating terrorism financing across the country.
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