The Federal Government has released an updated 2026 list of Nigerian companies and enterprises sanctioned for terrorism financing, as part of renewed efforts to tackle illicit financial activities and strengthen national security.
According to NigSac, the affected businesses were identified for their alleged involvement in funding activities linked to threats against peace and stability.
Authorities noted that this move is essential in cutting off financial channels that support terrorism.
Below are the 12 companies and enterprises listed:
- WEST AND EAST AFRICA GENERAL TRADING CO. LTD — March 18, 2024
-  SETTINGS BUREAU DE CHANGE LTD — March 18, 2024
-  G. SIDE GENERAL ENTERPRISES — March 18, 2024
-  DESERT EXCHANGE VENTURES LIMITED — March 18, 2024
- EAGLE SQUARE GENERAL TRADING CO LTD — March 18, 2024
- ALFA EXCHANGE BDC — March 18, 2024
-  Alin Yar Yaya General Enterprises — March 22, 2024
-  K. Are Nigeria Limited — March 22, 2024
-  Suhailah Bashir General Enterprises — March 22, 2024
-  IGWE KA ALA ENTERPRISES — March 19, 2025
- SEFICUVI GLOBAL COMPANY — March 19, 2025
- LAKURAWA SECT — March 6, 2025
Officials emphasised that the designation subjects these entities to sanctions, restrictions, and close monitoring, while also serving as a warning to other businesses to comply with financial regulations and avoid any links to unlawful activities.
Nigeria reaffirmed its commitment to global peace and security as a member of the United Nations.
To support this, the country enacted the Terrorism (Prevention and Prohibition) Act, 2022, which established the Nigeria Sanctions Committee responsible for implementing United Nations Security Council resolutions on targeted financial sanctions.
These sanctions are designed to block individuals and organisations linked to terrorism or the proliferation of weapons of mass destruction from accessing funds, assets, or any form of support.
The committee, chaired by the Attorney-General of the Federation, is empowered to enforce these measures nationwide, including provisions such as UNSCR 1373 (2001), which focuses on combating terrorism financing globally.
In other news, FG also released 48 names of people funding terrorism in 2026.
