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

Published

2 months ago

June 25, 2026

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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Vandalised Festac-Alakija Bridge Structurally Sound, Safe for Use — Sanwo-Olu Assures Lagosians

Published

6 hours ago

August 9, 2026

Trends Admin

Vandalised Festac-Alakija Bridge Structurally Sound, Safe for Use — Sanwo-Olu Assures Lagosians

Lagos State Governor, Babajide Sanwo-Olu, has allayed fears over the safety of the newly constructed Festac-Alakija Bridge following a recent vandalism attempt, assuring residents and motorists that the structural integrity of the facility remains intact and it is safe for use .

The governor carried out an on-the-spot assessment of the affected bridge pillar at Vin-Niger along the Lagos-Badagry Expressway on Saturday . He was accompanied on the inspection by contractors handling the facility, members of the State Executive Council, and local government chairmen, who joined him in evaluating the extent of the damage to the bridge . The inspection followed viral videos showing the vandalised portion of the bridge, which had sparked widespread concern and condemnation on social media, with calls for the government to take immediate action to prevent further damage and ensure public safety . Addressing concerns raised by the incident, Governor Sanwo-Olu stated emphatically that preliminary assessments had confirmed the bridge remained fit for use. Officials from the Office of Infrastructure had inspected the damaged bridge and confirmed that its structural integrity remained intact despite the vandalism . Sanwo-Olu clarified that while the main structure of the bridge remained intact, vandals had excavated portions of the structure and removed fittings used to secure the facility . He said the bridge leads into Festac Town, while the land and abutment are under the control of the Federal Housing Authority . The governor also added that immediate remedial works would be carried out to protect the bridge’s columns and prevent further deterioration .

The governor condemned the vandalism as “barbaric, criminal and unacceptable”, warning that Lagos State would not tolerate attacks on critical public infrastructure . In a joint midnight enforcement operation, operatives of the Rapid Response Squad (RRS) and the Kick Against Indiscipline (KAI) task force arrested 27 suspected hoodlums in connection with the vandalism . The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, disclosed that investigations revealed the suspects had deliberately vandalised critical structural components of the bridge, removing iron rods, steel reinforcements, cables and other supporting materials essential to the integrity of the infrastructure . The commissioner said the suspects would be prosecuted in accordance with the extant laws of Lagos State .

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The governor vowed that the government would pursue those responsible for the vandalism, including individuals involved in receiving, buying or selling materials stolen from public facilities, regardless of their social status or background . He stressed that attacks on public infrastructure undermine government investments and pose risks to the safety and wellbeing of residents . The governor expressed concern over the persistent vandalism of public infrastructure in Festac Town, citing the destruction of drainage slabs and theft of iron rods along Second and Seventh Avenues .

Governor Sanwo-Olu urged residents to take greater responsibility for protecting public assets by reporting suspicious activities to security agencies and relevant authorities . He commended security personnel involved in securing the area, including the Lagos State Police Command, RRS, Lagos State Task Force, Lagos State Neighbourhood Watch, and KAI, for their prompt intervention .

The governor explained that the inspection formed part of his administration’s broader efforts to clean up the Lagos-Badagry Expressway corridor, restore order and protect critical public infrastructure . He noted that considerable progress had been recorded in clearing the corridor of illegal activities and obstructions, and that he would continue the inspection towards the Alaba Rago axis . Governor Sanwo-Olu reaffirmed his administration’s commitment to protecting public assets, ensuring the safety of road users and maintaining law and order across the state, while continuing to collaborate with security agencies to safeguard Lagos and create an environment where law-abiding residents and businesses could thrive .

Vandalised Festac-Alakija Bridge Structurally Sound, Safe for Use — Sanwo-Olu Assures Lagosians

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Kano Woman Pleads Guilty to Severing Boyfriend’s Manhood Over Marriage Dispute

Published

22 hours ago

August 8, 2026

Trends Admin

Kano Woman Pleads Guilty to Severing Boyfriend’s Manhood Over Marriage Dispute

A Kano Magistrates’ Court has ordered the remand of 25-year-old Maimuna Idris in a correctional centre after she pleaded guilty to allegedly cutting off her boyfriend’s manhood with a knife. The prosecution told the court that the attack occurred after she discovered his intention to marry another woman .

The Kano State Police Command arrested Idris, a resident of Maigatari Local Government Area of Jigawa State, following a report from the management of Durbar Hotel in Badawa Quarters, Kano, who alerted authorities to the shocking incident . The incident occurred on July 27, 2026, at about 11:00 a.m., when Idris allegedly attacked her boyfriend, Ashiru Sani, with a sharp knife after learning of his plan to marry another woman, a revelation that sparked a violent reaction with life-altering consequences . According to the prosecution, the attack was so severe that she completely severed Sani’s manhood during the altercation, leaving him with catastrophic injuries that required immediate emergency medical attention . The hotel management alerted security operatives at approximately 12:50 p.m., prompting the Badawa Divisional Police Officer to lead a team of detectives to the scene, where the suspect was arrested and the weapon—a sharp knife—was recovered as an exhibit that will be presented as evidence during the trial .

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Idris was arraigned before Magistrate Sadiya Usman on a two-count charge of attempted culpable homicide and causing grievous hurt, offences that contravene Sections 229 and 248 of the Penal Code, which carry severe penalties upon conviction . In a dramatic development that surprised the courtroom, she pleaded guilty to both charges when they were read to her in court, potentially paving the way for a swift resolution of the case . Magistrate Usman ordered that Idris be remanded in a correctional centre and adjourned the case until September 9, 2026, for further mention, giving the prosecution time to prepare and present their case fully .

Kano State Commissioner of Police, Ibrahim Adamu Bakori, has strongly condemned the attack, describing violence as an unacceptable response to personal disagreements and warning that such acts would not be tolerated in the state . The police assured residents that a diligent, transparent, and thorough investigation would be conducted, and that the suspect would be prosecuted following the completion of the probe to ensure that justice is served for the victim . The victim was rushed to Abubakar Imam Urology Hospital, Kano, where he is currently receiving medical treatment, with doctors working to address the extent of his injuries and provide the necessary care for his recovery . Police said the investigation is ongoing, and further details about the case are expected to emerge as the legal proceedings continue.

Kano Woman Pleads Guilty to Severing Boyfriend’s Manhood Over Marriage Dispute

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Edo Spiritualist Arrested for $1,100 Sextortion of Indian Woman – EFCC

Published

22 hours ago

August 8, 2026

Trends Admin

Odigie Moses

Edo Spiritualist Arrested for $1,100 Sextortion of Indian Woman – EFCC

The Economic and Financial Crimes Commission (EFCC) has arrested a self-acclaimed spiritualist, Odigie Moses, in Ekpoma, Edo State, for allegedly tricking an Indian woman into taking a naked spiritual bath, recording the session without her consent, and then blackmailing her for $1,100 .

The Economic and Financial Crimes Commission (EFCC) has arrested a self-acclaimed spiritualist, Odigie Moses, over his alleged involvement in a $1,100 sextortion scheme targeting an Indian woman . The anti-graft agency disclosed in a statement on Friday, August 7, 2026, that the suspect was apprehended in Ekpoma, Edo State, following an investigation into the alleged crime. The arrest forms part of the EFCC’s ongoing efforts to combat the growing menace of cybercrime and online blackmail, which have become increasingly sophisticated and transnational in nature, exploiting victims across borders through digital platforms.

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According to the EFCC, Moses allegedly misrepresented himself on the social media payment platform Zelle as possessing spiritual healing powers capable of solving life-threatening challenges, a claim designed to attract vulnerable individuals seeking quick solutions to personal problems. The victim, an Indian woman seeking spiritual intervention for personal problems, contacted him believing he could help her overcome the difficulties she was facing, unaware that she was being lured into a carefully orchestrated scheme. The suspect subsequently deceived her into taking a naked spiritual bath, a ritual he presented as necessary for the healing process, which he recorded live without her permission, betraying the trust she had placed in him. Following the recording, the suspect allegedly threatened to release the explicit video publicly unless the victim paid him money, using the threat of public humiliation to extort funds from her. Under duress and to prevent the circulation of her nude footage, the woman transferred **$1,100** to the suspect, hoping the payment would put an end to the ordeal. “Investigation by the EFCC revealed that the victim had to pay the sum of $1,100 to the suspect in order to prevail on him not to release her nudity to the public,” the anti-graft agency stated, confirming the extent of the blackmail.

The EFCC described the act as sextortion, a form of image-based abuse involving threats to share nude or sexual images to coerce victims into complying with financial demands, a crime that has become increasingly common in the digital age as perpetrators exploit the anonymity and reach of the internet. The commission confirmed that investigations are ongoing and that Moses will be charged to court upon their conclusion, ensuring that the suspect faces the full weight of the law for his alleged crimes. The EFCC’s swift action in this case sends a strong message to cybercriminals that law enforcement agencies are committed to protecting victims and prosecuting offenders, regardless of where they operate from.