Find out more as US names Lagos businessman, BDCs in alleged ISIS funding network

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The US has sanctioned three Nigerian BDCs and a Lagos-based operator over alleged links to ISIS financing activitiesThe Treasury Department named Generation Currency BDC, Nine to Nine Exchange BDC, and Manhattan BDC among the listed entities The US said the network allegedly moved funds across Nigeria, Turkey, Syria, and France through money exchange businesses

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Three Nigerian Bureau de Change operators (BDC) and a Nigerian have been named by the United States government, among others, who are allegedly linked to terror financing by the Islamic State (ISIS).

The US Department of State announced on Monday, June 22, 2026, that a facilitator based in Nigeria was part of a global network that allegedly facilitated illicit money movement to support the terrorist group through currency exchange facilities.

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