The United States has designated Muhammad Mukhtar Adamu as an ISIS financial facilitator, accusing him and several linked Bureau de Change (BDC) operators of utilising their businesses as conduits to move and transfer funds for ISIS-West Africa.
The U.S. State and Treasury Departments released details regarding this network.
Born in August 1990, Adamu resides in the Agege area of Lagos, and was designated as a Specially Designated Global Terrorist (SDGT) for facilitating financial operations for ISIS-West Africa.
Adamu’s financial network operates through three main business entities in Nigeria:
*General Currency Bureau De Change Limited located in Lagos (established January 2019).
*Manhattan Bureau De Change located on Murtala Muhammad Way, Kano (established January 2021).
*Nine To Nine Exchange Bureau De Change located at the FAAN Complex, Airport Road, Lagos (established August 2017).
The designation is part of a broader, coordinated U.S. effort to disrupt global ISIS financing networks across Europe, the Middle East, and West Africa.
Alongside the U.S. actions, the Nigerian government has actively targeted other terrorism financiers.
Local authorities have previously frozen the assets of individuals and business networks involved in laundering funds for insurgent groups.
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