The Federal Government has named 15 individuals and business entities allegedly connected to terrorism-financing networks within and outside Nigeria, following a 2024 inter-agency security assessment.
According to the report, the review uncovered nine individuals and six companies said to be involved in facilitating the transfer of funds, logistics, and other resources believed to support terrorist groups.
Those listed by the government include: Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi.
In addition, six business organisations comprising Bureau De Change operators and trading outfits were flagged for allegedly enabling transactions linked to terrorism financing.
The firms named are: 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 familiar with the report said the designations were the result of months of intelligence gathering, analysis of financial movements, and coordination with international partners.
They noted that the move forms part of a broader national strategy to disrupt funding channels used by extremist groups, strengthen oversight within Nigeria’s financial sector, and support ongoing military and security operations.
The government earlier stated that investigations into terrorism financing would continue, with more names likely to be reviewed as agencies intensify scrutiny of financial institutions, BDC activities, and cross-border cash movements.
DAILY GAZETTE reports that Nigeria has expanded its counter-terrorism framework in recent years to target financial backers, logistics networks, and covert channels that fuel extremist organisations across the Lake Chad Basin and the North West.
