The Nigeria Sanctions Committee has welcomed the decision by the United States Office of Foreign Assets Control to designate Mukthar Muhammad Adamu, Nine to Nine Bureau De Change, and Generation BDC Limited over alleged links to terrorism financing.
In a statement on Wednesday, the committee said the US action followed Nigeria’s earlier designation of the individuals and entities under the Nigeria Sanctions List on June 18, 2026.
According to the committee, the sanctions were based on extensive intelligence gathering, financial investigations and inter-agency assessments which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported or otherwise contributed to the activities of the Islamic State West Africa Province (and associated terrorist networks.
The committee stated, “These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026. The naming of
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