U.S. Targets Nigerian Bureaux de Change in ISIS Crackdown
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated three Nigerian bureaux de change as part of a crackdown on ISIS financing.
Mukhtar Adamu Muhammad is accused of conducting money transfers and providing financial services on behalf of the Islamic State West Africa Province (ISWAP). The sanctions target nine exchange bureaux and are part of broader operations to dismantle terrorist networks operating in the Lake Chad region.
The U.S. also sanctioned individuals like Miloud Abderrahman and Abdelhakim Boukich, who are alleged to facilitate financial transactions for ISIS. This move comes amid increasing concerns over the vulnerability of Nigeria's financial system to exploitation by terrorist groups, particularly as ISWAP has transformed the conflict in northeastern Nigeria since its emergence in 2016.
The sanctions aim to block assets and prohibit transactions with designated entities, reinforcing counterterrorism measures in Nigeria.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
U.S. Blacklists Nigerian Bureaux de Change for ISIS Ties
U.S. Blacklists Nigerian Firms for ISIS Financing
U.S. Sanctions Nigerian and Firms Linked to ISIS Financing
U.S. Sanctions Alleged ISIS Financiers in Nigeria
US Sanctions Nigerian Man for Alleged ISIS Financing
U.S. Sanctions Target ISIS Financial Networks Globally
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
