The Federal Government has identified 15 individuals and business entities it says are linked to terrorism financing networks operating inside and outside Nigeria in 2024.
An inter‑agency security review compiled the list, which includes nine individuals alleged to have facilitated the movement of funds, logistics and resources for terrorist groups: Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana‑Oyiza Isah, Abdulkareem Musa and Umar Abdullahi.
Six business entities — mainly bureau de change operators and trading companies — were also flagged for allegedly enabling financial transactions that supported terrorism‑linked activities. The firms named 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 tracking, analysis of financial flows and collaboration with international partners. They described the move as part of a broader effort to disrupt terrorism financing channels, strengthen compliance within Nigeria’s financial system and support ongoing military operations against insurgents.
The Federal Government has said investigations will continue and that additional names may be reviewed as security agencies intensify monitoring of financial institutions, BDC operations and cross‑border cash movements. In recent years, Nigeria has expanded its counter‑terrorism architecture to target financial enablers, logistics networks and covert channels that sustain extremist groups across the Lake Chad Basin and the northwest.
