The Nigeria Sanctions Committee (NSC) has welcomed the decision of the United States to sanction three bureau de change (BDC) firms and individuals over alleged links to terrorism financing.
On Tuesday, the US Treasury Department designated Mukhtar Adamu and three Nigerian BDC firms for allegedly facilitating financial transactions on behalf of ISIS.
The US said Adamu used his businesses in Lagos and Kano as conduits for moving funds linked to the terrorist group.
The firms named by Washington are Generation Currency Bureau De Change Limited, Nine to Nine Exchange Bureau De Change Limited, and Manhattan Bureau De Change Limited.
The sanctions were part of a broader crackdown targeting individuals and entities across Europe, the Middle East, and West Africa accused of helping ISIS move funds across borders.
In a statement on Wednesday, the committee said the US action followed the inclusion of Adamu and his
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