Flashback: FG Once Released List of 21 Persons, 6 BDCs Designated As Terrorism Financiers in Nigeria
- In 2024, Nigeria publicly named 21 individuals and six Bureau de Change entities as terrorism financiers
- The move followed years of pressure from security experts and civil society groups demanding transparency
- The list has resurfaced in 2025 amid renewed global concern after remarks from US President Donald Trump
In 2024, the Federal Government of Nigeria released a list of 21 individuals and six Bureau de Change (BDC) entities designated as terrorism financiers.
The publication, made available through the Nigeria Sanctions Committee (NSC) website, followed years of pressure from security experts, civil society organisations, and citizens demanding transparency in the country’s fight against terrorism.
Source: Twitter
This flashback comes amid renewed global attention on Nigeria’s security challenges in 2025, with US President Donald Trump expressing concern over rising insecurity across the West African nation.
Tukur Mamu tops alleged terrorism financiers list
Kaduna-based publisher Tukur Mamu led the list of individuals named in the 2024 report. He is currently facing trial for allegedly aiding terrorists involved in the 2022 Abuja-Kaduna train attack.
At the time, the Federal Government stated:
“[Mamu] participated in the financing of terrorism by receiving and delivering ransom payments over the sum of $200,000 US dollars in support of ISWAP terrorists for the release of hostages of the Abuja-Kaduna train attack.”
Individuals involved in terrorism financing in Nigeria
According to the NSC document, the following individuals were listed:
- Abdulsamat Ohida – Senior commander (Quaid) of ISWAP Okene, suspected of attacks in Owo and Kuje
- Mohammed Sani – Member of ANSARU, linked to Al-Qaeda in the Islamic Maghreb (AQIM), trained under Muktar Belmokhtar
- Abdurrahaman Abdurrahaman – Senior commander (Qaid) of ISWAP Okene
- Fatima Ishaq – Financial courier for ISWAP Okene, disbursing funds to widows of fighters
- Tukur Mamu – Allegedly handled ransom payments for ISWAP
- Yusuf Ghazali – Reported to own businesses cited in a UAE court for transferring terrorist funds
- Muhammad Sani – Allegedly received N57 million from Yawale Muhammad between 2014 and 2017
- Abubakar Muhammad
- Sallamudeen Hassan
- Adamu Ishak
- Hassana Isah
- Abdulkareem Musa
- Umar Abdullahi
- Abdurrahaman Ado
- Bashir Yusuf
- Ibrahim Alhassan
- Muhammad Isah
- Salihu Adamu
- Surajo Mohammad
- Fannami Bukar
- Muhammed Musa.
Bureau de Change entities on terrorism list
The six BDCs listed in the 2024 report are:
- West And East Africa General Trading Co. Ltd
- Settings Bureau De Change Ltd
- G. Side General Enterprises
- Desert Exchange Ventures Limited
- Eagle Square General Trading Co Ltd
- Alfa Exchange BDC.
2024 list revisited amid US intervention threats
The 2024 publication was widely seen as a breakthrough in Nigeria’s counter-terrorism strategy, responding to long-standing calls for accountability.
Security analysts noted that naming financiers is key to dismantling the financial networks that sustain extremist groups.
With President Trump’s remarks in 2025 have highlighted ongoing security concerns in the country, the 2024 list has resurfaced in public discourse, prompting renewed scrutiny of the country’s efforts to combat terrorism.
Source: Twitter
US listed 6 terrorist financiers in Nigeria
Legit.ng earlier reported that in a flashback to March 2022, the US government had formally sanctioned six Nigerian nationals found guilty of financing Boko Haram while living in the United Arab Emirates.
The decision has been revisited amid President Donald Trump’s designation of Nigeria as a Country of Particular Concern, highlighting longstanding concerns about terrorism and extremist funding networks.
Proofreading by Bruce Douglas, copy editor at Legit.ng.
Source: Legit.ng
