BREAKING: FG Releases List of Terrorism Financiers in Nigeria, Blacklists Six Companies

• The Federal Government has named nine individuals and six business entities allegedly tied to terrorism financing networks after a sweeping 2024 intelligence review.

The Federal Government has officially released the names of 15 individuals and business organisations identified in 2024 as part of terrorism financing networks operating within and outside Nigeria.

The designation list, produced after an extensive inter-agency security assessment, names nine individuals and six companies accused of aiding the movement of funds, logistics, and resources that support terrorist activities.

The individuals listed are: Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and Umar Abdullahi.

Also flagged were six business entities—mostly Bureau De Change operators and trading firms—allegedly involved in facilitating suspicious financial transactions. 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 officials familiar with the investigation said the designations followed months of coordinated intelligence tracking, analysis of financial flows, and collaboration with international partners. They noted that the move signals a renewed push to dismantle terrorism financing channels, enforce stricter financial compliance, and bolster ongoing military operations against insurgent groups.

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The Federal Government added that investigations remain active, with more names expected to be reviewed as security agencies intensify surveillance across financial institutions, BDC operations, and cross-border cash movements.

Zagazola reports that Nigeria has strengthened its counter-terrorism architecture in recent years, targeting financial enablers, logistics networks, and covert channels that sustain extremist groups across the Lake Chad region and the North West.