The Economic and Financial Crimes Commission was already investigating a Lagos-based Bureau De Change operator, Mukhtar Adamu Muhammad, and three companies linked to him for alleged terrorism financing before the United States government imposed sanctions on them, sources within the anti-graft agency have disclosed.
Top EFCC officials familiar with the investigation told our correspondent that the commission had concluded significant aspects of its probe and was preparing charges when the US government announced the sanctions.
“We investigated these individuals and the BDC companies for terrorism financing and were preparing charges against them when the U.S. indicted them,” a source said.
The development comes after the United States designated Muhammad and three Nigerian companies linked to him as alleged financial facilitators of activities linked to the Islamic State of Iraq and Syria.
The designation formed part of a broader action targeting three individuals and six entities accused of facilitating the movement
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