The Federal Government has released a list of 15 individuals and business entities allegedly financing terrorism within and beyond Nigeria.
The disclosure, made during an inter-agency security review, names nine individuals and six companies accused of supporting terrorist networks through funding, logistics, and other resources. Among those flagged are Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi.
The six businesses, including Bureau De Change operators and trading companies, are said to have facilitated financial transactions linked to terrorism. They 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 that the designations followed months of intelligence gathering, financial analysis, and collaboration with international partners. The move is part of broader efforts to disrupt terrorist funding, strengthen compliance within the financial system, and support ongoing military operations against insurgents.
Investigations are ongoing, and more names could be added as authorities intensify surveillance on financial institutions, BDCs, and cross-border cash flows. Nigeria has, in recent years, expanded its counter-terrorism framework to target financial enablers and covert networks sustaining extremist groups in the Lake Chad Basin and the North-West.