US Sanctions Lagos ISIS Financier and 3 Bureaux De Change Over Terror Funding

The United States has sanctioned a Lagos-based alleged ISIS financier and three bureaux de change linked to him for moving funds for ISIS-West Africa.

The US Department of State’s Office of Foreign Assets Control announced the action on June 24, 2026, under Executive Order 13224. It forms part of a wider crackdown on ISIS financial networks operating across France, Türkiye, Syria, and Nigeria.

35, also known as Adamu Mukhtar and Muhammad Mukhtar. Address listed in Agege, Lagos State. The US linked him directly to ISIS-West Africa and said he served as a conduit for ISIS financing.

The sanctions also targeted a France-based facilitator accused of providing explosives information to ISIS supporters, and a Syria-based operator who used cryptocurrency to transfer funds for ISIS associates in multiple countries, including the US.

State Department spokesperson Thomas Pigott said: “We are cutting off the financial lifelines that enable ISIS to fund attacks, support its regional affiliates, and threaten civilians, including religious minorities.

All individuals and entities are now on OFAC’s Specially Designated Nationals list. Their US assets are blocked and Americans are prohibited from doing business with them.

The US reaffirmed partnership with Nigeria, citing Abuja’s role in the May 16, 2026 operation that killed Abu-Bilal al-Minuki, ISIS’s number two official. Washington said it will keep using “every diplomatic and legal tool” to hold ISIS supporters accountable.

Since 2022, the US has sanctioned 10 Nigerians over terrorism financing. In March 2022, six Nigerians were sanctioned for raising funds in the UAE for Boko Haram. In February 2026, OFAC added eight more Nigerians linked to Boko Haram, ISIS, and cybercrime.

ISIS was designated a Specially Designated Global Terrorist organization in 2004. The US says ISIS increasingly relies on decentralized financial intermediaries, money service businesses, and informal hawala networks to move small amounts across borders.