FG Names 15 Individuals, Firms As Terrorism Financiers In 2024 Clampdown

The Federal Government has unveiled a list of 15 individuals and business entities identified as financiers of terrorism within and outside Nigeria.

The designation, made during an inter-agency security review, fingers nine individuals and six companies alleged to have facilitated the movement of funds, logistics, and resources for terrorist networks.

Those named include: Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi.

Six business organisations—comprising Bureau De Change operators and trading companies—were also flagged for allegedly enabling financial transactions linked to terrorism. They 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 review said the designations followed months of intelligence gathering, financial-flow analysis, and collaboration with international partners. They added that the clampdown is part of a broader strategy to disrupt terrorism-funding channels, boost financial-system compliance, and support ongoing military operations against insurgent groups.

Government sources further noted that investigations into terrorism financing are ongoing, and more names may be added as security agencies intensify surveillance on financial institutions, BDCs, and cross-border cash movements.

Zagazola reports that Nigeria has, in recent years, expanded its counter-terrorism framework to target financial enablers, logistics networks, and covert channels sustaining extremist groups across the Lake Chad Basin and the North-West.