FG releases list of alleged terrorism financiers
The Federal Government has identified 15 individuals and companies accused of supporting terrorism in Nigeria.
This move forms part of the country’s ongoing campaign against extremist groups.
Authorities revealed that the list was compiled after a thorough review by multiple security agencies, which tracked financial transactions, logistics, and cross-border activities linked to terrorist operations.
The investigation found nine individuals and six businesses suspected of providing funds, material support, or other resources to extremist groups operating both within and beyond Nigeria.
The individuals named include Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi.
The businesses under scrutiny consist mostly of Bureau De Change operators and trading companies, including 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.
Officials said that months of intelligence work went into tracking suspicious cash flows, communication patterns, and financial networks. The goal is to disrupt the support structures that allow extremist cells to operate.
The action forms part of broader government efforts to strengthen financial regulations, monitor high-risk money-changing activities, and support military operations in areas affected by terrorism.
Authorities also indicated that more names are under review and could be added to the list in future phases.
Agencies are expected to enforce account restrictions, freeze assets where needed, and follow up on any further movements linked to the listed individuals and firms.
The government has also increased supervision of BDC operations nationwide, responding to earlier reports showing how unregulated currency trading can be exploited for illegal financing.
This announcement continues the effort to close financial channels that sustain terrorist activities.
