US Sanctions Nigerian, Six Businesses Over Alleged ISIS Financing Network

The United States has identified and sanctioned a Nigerian national, two foreign nationals, and six businesses for allegedly helping ISIS move money across international borders as part of the Trump administration’s campaign against global terrorism financing.

The U.S. government announced the designations on Monday, saying the individuals and entities enabled ISIS to transfer funds through networks operating in Europe, the Middle East, and West Africa.

According to Washington, dismantling the financial network—which stretches from France and Syria to Türkiye and Nigeria—will help cut off resources that ISIS uses to carry out attacks, support regional affiliates, and threaten civilians, including religious minorities.

Among those sanctioned is a Nigerian whose money exchange businesses allegedly served as channels for ISIS financing. The U.S. also named a French national accused of providing explosives-related information to ISIS supporters and a Syrian national accused of using cryptocurrency to transfer funds on behalf of ISIS-linked operatives.

The U.S. government reaffirmed its security partnership with Nigeria, noting that both countries cooperated in the May 16, 2026 operation that killed Abu-Bilal al-Minuki, described as the second-highest-ranking ISIS official.

The U.S. State Department said sustained pressure on ISIS has weakened the group’s centralized structure, forcing it to rely increasingly on financial intermediaries to maintain its global network.

“We will continue to use every diplomatic and legal tool available to hold ISIS and its supporters accountable – wherever they operate and however they move money,” the department said in a statement.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released details of the individuals and companies it designated as Specially Designated Global Terrorists (SDGTs).

The Nigerian named in the sanctions is Muhammad Mukhtar Adamu, whom U.S. authorities linked to ISIS-West Africa. According to the Treasury Department, Adamu was born on August 2, 1990 (with August 3, 1990 listed as an alternative date of birth) and resides in the Agege area of Lagos.

The other individuals sanctioned are Abdelhakim Boukich, also known as Babili Muhammad, a Syrian national born on December 15, 1993 (with January 1, 1991 listed as an alternative date of birth), and Abderrahmane Miloud, also known as Ghazi Ibrahim, a French national born in August 1992. U.S. authorities linked both men to the Islamic State of Iraq and the Levant (ISIL).

The Treasury Department also sanctioned three Nigerian businesses allegedly connected to Adamu:

General Currency Bureau De Change Limited, Lagos, incorporated on January 9, 2019 (RC 1555604).

Manhattan Bureau De Change, located on Murtala Mohammed Way, Kano, incorporated on January 26, 2021 (RC 1763824).

Nine To Nine Exchange Bureau De Change, located at the FAAN Complex, Airport Road, Lagos, incorporated on August 22, 2017 (RC 1462752).


U.S. authorities said the sanctions form part of broader efforts to disrupt ISIS financing channels and prevent the group from accessing funds used to sustain its operations worldwide.