EFCC to Arraign US-Blacklisted Lagos BDC Operator Over Alleged ISIS Financing - Newstrends
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EFCC to Arraign US-Blacklisted Lagos BDC Operator Over Alleged ISIS Financing

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EFCC to Arraign US-Blacklisted Lagos BDC Operator Over Alleged ISIS Financing

The Economic and Financial Crimes Commission is set to arraign a Lagos-based Bureau De Change operator, Mukhtar Adamu Muhammad, over alleged terrorism financing linked to the Islamic State, sources within the anti-graft agency have disclosed. According to senior EFCC officials familiar with the investigation, the commission had already concluded significant aspects of its probe and was preparing criminal charges against the suspect when the United States government announced sanctions against him over alleged links to ISIS. “We investigated these individuals and the BDC companies for terrorism financing and were preparing charges against them when the U.S. indicted them,” a source familiar with the investigation told The PUNCH.

The development follows the designation of Muhammad and three Nigerian companies by the United States as alleged financial facilitators for ISIS operations. The sanctions formed part of a broader action targeting three individuals and six entities accused of facilitating the movement of funds for ISIS activities across several countries, including France, Syria, Türkiye and Nigeria. In a statement issued on Monday, U.S. Department of State spokesperson Thomas Pigott said the Nigerian national named in the sanctions is Mukhtar Adamu Muhammad, also known as Mukhtar Muhammad, a Bureau De Change operator based in Lagos State. According to U.S. authorities, Muhammad and the affected companies acted as financial conduits for the Islamic State West Africa Province (ISWAP) by facilitating the movement of funds on behalf of the terrorist organisation. The US Treasury Department’s Office of Foreign Assets Control alleged that the firms were owned, controlled or directed by Muhammad and used to move funds for ISWAP. The sanctions freeze any assets or interests in property belonging to the designated individuals and entities within U.S. jurisdiction and generally prohibit U.S. persons from engaging in transactions with them.

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The Nigerian firms linked to Muhammad and named in the sanctions include Generation Currency Bureau De Change Limited, which is Lagos-based; Nine to Nine Exchange Bureau De Change Limited, also Lagos-based; and Manhattan Bureau De Change Limited, which is Kano-based. Authorities in the United States accused the Lagos-based BDC operator of helping move funds linked to the Islamic State’s West African network through financial channels operating in Nigeria. According to OFAC, Mr Muhammad operated from Lagos and played a significant role in ISWAP’s financial network by transferring money through the three BDC firms, enabling the movement of funds that supported the group’s operations.

Meanwhile, the Nigeria Sanctions Committee has welcomed the decision by the United States Office of Foreign Assets Control to blacklist Muhammad, Nine to Nine Bureau De Change, and Generation BDC Limited over alleged links to terrorism financing. In a statement issued on Wednesday, the committee disclosed that the U.S. action followed Nigeria’s earlier designation of the individuals and entities under the Nigeria Sanctions List on June 18, 2026. According to the committee, the sanctions were based on extensive intelligence gathering, financial investigations and inter-agency assessments which established reasonable grounds to believe the affected individuals and entities facilitated, financed or otherwise supported the activities of ISWAP and affiliated terrorist networks. “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 June 18, 2026,” the committee stated.

The committee listed the sanctioned individuals as Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), and Babangida Muhammed Adamu Hammajam (NLISWi.24). The affected companies are Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), and Nine to Nine BDC Limited (NLISWe.27).

The Federal Government reiterated its directive to financial institutions and designated non-financial businesses and professions to comply fully with sanctions obligations, including asset-freezing requirements, the filing of Suspicious Transaction Reports and the reporting of all relevant matches to the appropriate authorities. The sanctions committee also commended the efforts of major government institutions involved in the investigation, including the Federal Ministry of Justice, Office of the National Security Adviser, Central Bank of Nigeria, Department of State Services, EFCC and the Nigerian Financial Intelligence Unit. Reaffirming Nigeria’s commitment to combating terrorism financing, the committee said the government would continue working with domestic institutions and international partners to deny terrorist groups access to financial resources. “Nigeria remains resolute in ensuring terrorists and their financiers find no safe haven within the country’s financial system,” the committee said.

Although the EFCC has yet to issue an official statement on the matter, sources said the commission’s investigation focused on alleged terrorism financing activities and financial transactions suspected to be linked to terrorist operations. The sources, however, declined to disclose when formal charges would be filed.

EFCC to Arraign US-Blacklisted Lagos BDC Operator Over Alleged ISIS Financing

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18 Suspected Bandits Killed as Security Forces Foil Mass Kidnap in Katsina

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18 Suspected Bandits Killed as Security Forces Foil Mass Kidnap in Katsina

18 Suspected Bandits Killed as Security Forces Foil Mass Kidnap in Katsina

Eighteen suspected bandits have been killed in an intelligence-led ambush that reportedly foiled a planned mass kidnapping in Bakori Local Government Area of Katsina State.

The operation took place at about 1am on Monday, September 21, 2026, at Gidan Iyado, Kakumi Ward, after security personnel received intelligence that an armed group was planning to abduct residents for ransom.

According to the Katsina State Ministry of Internal Security and Home Affairs, the operation involved hunters, members of the Community Watch Corps and local vigilante groups, who laid an ambush and engaged the suspected bandits.

The ministry said 18 members of the group were killed, while no casualty was recorded among the security personnel involved in the operation.

Recovered items included one G3 rifle, two AK-47 rifles, 14 rounds of 7.62mm live ammunition and three motorcycles.

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Security personnel also recovered two cows and 94 sheep, which the authorities believe were among livestock allegedly rustled by the group.

The Katsina government identified the alleged leader of the group as Alhaji Musa Duki, whom it described as a former school headmaster who allegedly became a bandit leader operating from Mununu Forest in Faskari Local Government Area.

Authorities said the operation was part of continuing efforts to disrupt bandit networks, kidnapping operations and rural insecurity across Bakori, Faskari and neighbouring communities.

The government said a sustained covert operation was ongoing to locate Duki and other members of the network, identify their hideouts and prevent further attacks.

Katsina State Governor Dikko Umar Radda commended the security personnel and community-based security groups involved in the operation, while urging residents to continue providing timely and credible information to security agencies.

The latest operation comes amid continuing security challenges in parts of Katsina State, where authorities have increasingly relied on intelligence gathering and collaboration between conventional security agencies and community-based security groups to disrupt criminal activity.

The recovered weapons and ammunition have been taken into custody as security agencies continue efforts to dismantle the alleged network and prevent further kidnapping and banditry in the affected areas.

18 Suspected Bandits Killed as Security Forces Foil Mass Kidnap in Katsina

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Police Arrest Two Arms Dealers, Recover 300 Rounds of Ammunition in Kaduna

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Police Arrest Two Arms Dealers, Recover 300 Rounds of Ammunition in Kaduna

Police Arrest Two Arms Dealers, Recover 300 Rounds of Ammunition in Kaduna

The Kaduna State Police Command has arrested two suspected arms traffickers and recovered 300 rounds of live ammunition in an intelligence-led operation in the state.

The suspects, identified as Rayyanu Adamu and Nasiru Abubakar, were arrested by operatives of the Police Anti-Kidnapping Unit following surveillance around the Giwa and railway station axis.

Police said the operation resulted in the recovery of 270 rounds of AK-47 ammunition and 30 rounds of Type 06 ammunition.

The suspects are being interrogated as investigators work to determine where the ammunition was sourced, its intended destination and whether other people are involved in the alleged trafficking operation.

The arrests come amid increased security operations across Kaduna State against kidnapping, banditry, arms trafficking and terrorist logistics.

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In a separate operation, troops of Operation FANSAN YAMMA arrested a suspected terrorist kingpin and two alleged members of his network in Kubau Local Government Area.

Troops also arrested a 50-year-old woman in Igabi Local Government Area who was allegedly transporting 300 rounds of ammunition. The military said preliminary investigations indicated that she had travelled from Zamfara to Lafia before allegedly receiving the ammunition for onward delivery to suspected terrorist elements in Birnin Gwari.

A suspected terrorist logistics supplier was also arrested in Birnin Gwari, with four communication devices recovered during the operation.

The separate operations point to continuing efforts by security agencies to disrupt the movement of arms and ammunition to criminal and terrorist groups operating in Kaduna and neighbouring areas.

The Kaduna Police Command has also recorded other ammunition seizures in recent operations, as security personnel intensify efforts to identify suspected arms suppliers, couriers and their associates.

The two suspects remain in police custody while investigations continue.

Police Arrest Two Arms Dealers, Recover 300 Rounds of Ammunition in Kaduna

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Niger Mosque Attack: Bago Says 63 Abducted, 14 Freed, Three Killed

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Niger Mosque Attack: Bago Says 63 Abducted, 14 Freed, Three Killed
Niger State Governor, Mohammed Umaru Bago

Niger Mosque Attack: Bago Says 63 Abducted, 14 Freed, Three Killed

Niger State Governor, Mohammed Umaru Bago, has said 63 people were abducted during the August 21 attack on worshippers in the Dakera area of Borgu Local Government Area, with three victims killed and 14 others recovered.

Bago’s disclosure provides the first specific official breakdown of the victims following weeks of conflicting reports about the scale of the Niger State abduction.

The governor said 33 worshippers were abducted from a mosque, while the attackers seized another 30 people from a nearby market as they fled, bringing the total number to 63.

He made the disclosure when former Niger State governor and Senator representing Niger North, Abubakar Sani Bello, visited the Government House in Minna to sympathise with the state over recent deaths and security incidents.

Bago also rejected reports circulating on social media that about 500 people had been abducted, describing the figure as exaggerated.

“It was a social media hype. Thirty-three were kidnapped at the mosque, and on their way, they kidnapped an additional 30 in a market, making a total of 63,” the governor said.

He added that three of those abducted had been killed, while 14 had been recovered.

The governor’s account means that, of the 63 people he said were abducted, 17 have been accounted for through deaths or recovery, leaving 46 whose current status was not specified in his latest disclosure.

However, the official figure has not ended concerns over the scale of the wider Borgu mass abduction.

Residents of Dekara and neighbouring communities staged a protest in New Bussa on Monday, September 21, demanding the release of hundreds of people they said remained in captivity more than a month after the attacks.

According to Reuters, residents initially estimated that about 600 people had been abducted during coordinated attacks on several communities. The president of the Borgu Youths Development Association, Abdullahi Yahaya Sadauki, subsequently said community estimates had risen to nearly 700 people allegedly still in captivity.

Reuters said it could not independently verify the higher figure.

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The residents are calling for a formal headcount across the affected villages to establish the actual number of people missing, those who escaped and those who were taken into captivity.

The protest also reflected the wider impact of the security crisis in Borgu, with residents saying insecurity has restricted access to markets and healthcare. Shops were reportedly closed in the area as residents observed a shutdown to draw attention to the continued captivity of the victims.

The attack occurred on August 21 when armed men invaded communities in the Dekara district of Borgu, including Gidan-Zana and Kpenya.

Police had initially said armed men stormed Kpenya Mosque during Friday prayers after attacking Gidan-Zana and Kpenya communities. Police spokesperson Wasiu Abiodun said at the time that authorities could not confirm the number of people abducted.

The initial police assessment indicated that no death had been confirmed at that stage, while a joint security team was deployed to the area for assessment and rescue operations.

Residents subsequently told Reuters that more than 60 worshippers had been abducted during what appeared to be coordinated attacks on several communities in Borgu. Reuters noted at the time that it could not independently verify the residents’ account.

The latest developments therefore present two different sets of figures that should not be treated as interchangeable.

Governor Bago’s official account puts the number abducted from the mosque and a nearby market at 63, comprising 33 worshippers and 30 other people. He says three were killed and 14 recovered.

The much higher figure of about 600, later described by community representatives as close to 700 people still in captivity, relates to the broader series of attacks across Dekara and neighbouring communities, rather than necessarily the specific mosque-and-market incident identified by Bago. The higher community estimate remains unverified.

The discrepancy has increased pressure on authorities to establish a comprehensive record of those affected by the attacks.

President Bola Ahmed Tinubu had previously ordered an immediate rescue operation following the August 21 attacks. More than a month later, however, residents say they are still waiting for the safe return of their relatives.

Niger State Commissioner for Information, Obed Nuhu Nana, told Reuters that security agencies had been mobilised and that the government was making efforts to rescue the victims.

Borgu’s location along Nigeria’s western border with the Republic of Benin has also heightened security concerns, particularly because the area covers remote communities where armed groups can operate across difficult terrain.

The continuing uncertainty over the number of victims has left families seeking answers about relatives who have not returned home. Community leaders say a physical headcount remains necessary to determine the true scale of the Borgu kidnapping.

For now, the latest official position is that 63 people were abducted in the mosque and market incidents, three were killed and 14 were recovered. The separate community claim that hundreds more remain in captivity has not been independently verified and requires further official investigation.

The conflicting figures underscore the need for authorities to reconcile community records with security agencies’ information and provide a verified account of the people abducted during the August attacks.

Niger Mosque Attack: Bago Says 63 Abducted, 14 Freed, Three Killed

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