The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC) yesterday.
These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026. The naming of the three companies and six persons followed extensive intelligence gathering, financial investigations, and inter-agency assessments which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported or otherwise, contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.
The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are:
1. Ibrahim Yakubu Ogirima (NLISWi.19)
2. Muktar Muhammad Adamu (NLISWi.20)
3. Adamu Chiroma (NLISWi.21)
4. Ibrahim Abubakar (NLISWi.22)
5. Abdullahi Umar Usman (NLISWi.23)
6. Babangida Muhammed Adamu Hammajam (NLISWi.24)
7. Abbal Bako & Sons Bureau De Change Limited (NLISWe.25)
8. Generation Currency BDC Limited (NLISWe.26)
9. Nine to Nine BDC Limited (NLISWe.27)
The Federal Government reiterates its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions’ obligations, including asset-freezing requirements, the filing of Suspicious Transaction Reports and the reporting of all relevant matches to the appropriate authorities.
The Nigeria Sanctions Committee commends the work of the Federal Ministry of Justice, Office of the National Security Adviser, Central Bank of Nigeria, Department of State Services, Economic and Financial Crimes Commission and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.
Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system. The Government will continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity and contribute to global efforts to combat terrorism and its financing.
