HomeTrendingTerrorism Financing: Nigeria welcomes US sanctions on Lagos-based BDC operator, firms

Terrorism Financing: Nigeria welcomes US sanctions on Lagos-based BDC operator, firms

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The Nigerian government has welcomed the decision of the United States to impose sanctions on a Nigerian businessman, Mukhtar Adamu, and three bureau de change companies over their alleged involvement in financing the terrorist group Islamic State West Africa Province (ISWAP).

The sanctions were announced on Tuesday by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), which accused Mr Adamu, a Lagos-based bureau de change operator, of facilitating financial transactions and money transfers on behalf of ISWAP.

OFAC also sanctioned Nine to Nine Exchange Bureau De

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