The Federal Government has named 15 individuals and companies allegedly involved in financing terrorism within and beyond Nigeria in 2024.
This list emerged from an inter-agency security review targeting networks facilitating funds, logistics, and resources for terrorist groups.
Among those identified are nine individuals: Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi.
Additionally, six business entities—mainly Bureau De Change operators and trading companies—were accused of enabling financial transactions linked to terrorism.
The flagged firms include 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 sources revealed the designations followed months of intelligence gathering, financial flow analysis, and collaboration with international partners.
This crackdown forms part of a wider strategy to dismantle terrorism financing channels, tighten financial system compliance, and back military efforts against insurgents.
Authorities reassured the public that investigations would continue, with more names expected as monitoring of financial institutions, BDCs, and cross-border cash movements intensifies.
Nigeria has been strengthening its counter-terrorism measures to tackle financial enablers and covert support networks fueling extremist groups in the Lake Chad Basin and North West regions.
