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US Exposes ISIS Funding Network Linking Nigeria to Syria, Sanctions Lagos BDCs

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US Exposes ISIS Funding Network Linking Nigeria to Syria, Sanctions Lagos BDCs

US Exposes ISIS Funding Network Linking Nigeria to Syria, Sanctions Lagos BDCs

The United States government has designated a Lagos-based businessman and three Nigerian currency exchange companies as Specially Designated Global Terrorists (SDGTs) , naming them as part of an ISIS financial network operating across West Africa, Europe, and the Middle East. The action represents the Trump administration’s latest offensive against global terrorism financing and targets a web of facilitators spanning from France and Syria to Türkiye and Nigeria. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three individuals and six entities for facilitating financial transactions on behalf of the Islamic State of Iraq and Syria (ISIS) . The designations, announced on Monday, aim to cut off funds that enable ISIS to execute attacks, support its regional affiliates, and threaten civilians, including religious minorities.

The Nigerian national, Mukhtar Adamu Muhammad, is described by the Treasury as an ISIS in West Africa (ISIS-WA) financial facilitator who conducted money transfers on behalf of the terrorist group. According to OFAC documents, Muhammad resides at No. 45, Abimbola Street, off Capital Road, by Morcas, Agege, Lagos State. He was born on August 2, 1990, with an alternative date of birth of August 3, 1990. Muhammad is being designated under Executive Order 13224 for “having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of, ISIS-WA.” Three Nigeria-based money service businesses (MSBs) owned, controlled, or directed by Muhammad were also designated: Nine to Nine Exchange Bureau De Change Limited — located at Block 7, FAAN Complex, Airport Road, Ikeja, Lagos, established on August 22, 2017, with Registration Number RC 1462752; Manhattan Bureau De Change Limited — located at No. 59 Murtala Mohammed Way, Wapa, Kano, established on January 26, 2021, with Registration Number RC 1763824; and Generation Currency Bureau De Change Limited — located in Lagos, established on January 9, 2019, with Registration Number RC 1555604.

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The sanctions also target Abdelhakim Boukich (also known as Babili Muhammad and Abu Sulayman Alholandi), a former Dutch national now based in Syria. Boukich controls and directs Bitcoin Xchange, a Syria-based money service business established in late 2020. According to the Treasury Department, Boukich and Bitcoin Xchange have transferred money on behalf of ISIS associates from multiple countries, including Norway, Belgium, the Netherlands, South Africa, and the United States. Blockchain analytics firm TRM Labs has been tracking Bitcoin Xchange since early 2022 and notes that addresses attributed to the exchange have processed approximately USD 10 million in total volume across hundreds of transactions linked to ISIS fundraising campaigns. The designation highlights the increasing use of cryptocurrency in terrorist financing. Analysts note that Syria-based crypto exchangers and hawala operators serve as a “pooling and conversion layer” for ISIS donation campaigns, converting donated crypto to cash for a fee of 2 to 5 percent. OFAC additionally identified two TRON blockchain addresses linked to the network, marking one of the rare sanction actions that specify individual wallet identifiers rather than merely targeting exchanges or custodians.

The sanctions extend to a Türkiye-based hawala network operated by Mohamad Alhmidan, an individual previously sanctioned by OFAC in March 2016 for facilitating logistical and financial support for ISIS and helping foreign terrorist fighters. Alhmidan owns and controls Spider Gayrimenkul Ve Genel Ticaret Limited Sirketi, a Türkiye-based MSB that originated as a hawala operating in Syria. It was used to transfer money from parts of Syria under ISIS control to other regions not controlled by the group. Alkaram Danismanlik Gayrimenkul Ic Ve Dis Genel Ticaret Limited Sirketi, another Türkiye-based MSB, operates on behalf of Spider.

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The third individual sanctioned is Miloud Abderrahmane (also known as Ghazi Ibrahim), a French national based in France. Abderrahmane has conducted transactions with known ISIS affiliates, including some based in Syria, and has provided instructional and manufacturing information on explosives to ISIS supporters. OFAC also identified two TRON wallet addresses linked to him.

The U.S. State Department reaffirmed its strong security partnership with Nigeria in the fight against terrorism, noting that both countries jointly carried out the May 16, 2026, operation that killed Abu-Bilal al-Minuki, the number two official in ISIS and head of its General Directorate of Provinces, which provides operational guidance and funding to ISIS regional offices. “As demonstrated by the May 16, 2026 killing of al-Minuki, the United States and Nigeria stand together in relentlessly pursuing and eliminating ISIS,” the Treasury Department said. “We will continue to use every diplomatic and legal tool available to hold ISIS and its supporters accountable—wherever they operate and however they move money.” The action reflects sustained counterterrorism pressure that has forced ISIS to become “much more decentralised and reliant on more autonomous cells and affiliates throughout the world,” as outlined in Treasury’s 2026 National Terrorist Financing Risk Assessment.

As a result of today’s action, all property and interests in property of the designated persons that are in the United States or under the control of U.S. persons are blocked and must be reported to OFAC. U.S. persons are generally prohibited from engaging in transactions involving blocked persons. In addition, foreign financial institutions that knowingly facilitate significant transactions for sanctioned individuals or entities may face secondary sanctions, including restrictions on access to correspondent or payable-through accounts in the United States.

US Exposes ISIS Funding Network Linking Nigeria to Syria, Sanctions Lagos BDCs

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EFCC Drags Fuji Musician to Court Over Alleged ₦21.2m Fraud

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EFCC Targets N123bn Recovery From Six Ex-Buhari Ministers

EFCC Drags Fuji Musician to Court Over Alleged ₦21.2m Fraud

LAGOS, Nigeria – The Economic and Financial Crimes Commission (EFCC) has arraigned a Fuji musician, Felix Duke Osagie, before a Lagos State court over an alleged ₦21.2 million fraud.

 

The musician was reportedly arraigned on Thursday before Justice Ismail Ijelu in connection with allegations of financial fraud, according to a report published on the EFCC’s social media platform.

 

The arraignment marks another high-profile case involving the anti-graft agency’s investigation and prosecution of alleged financial crimes.

 

However, details of the charge, including how the musician allegedly obtained the money, the identity of the complainant and the specific transactions involved, were not visible in the available excerpt.

 

 

EFCC Drags Fuji Musician to Court Over Alleged ₦21.2m Fraud

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‘Tinubu Graduated in 1979, You Arrived in 1985’: Omowaiye Challenges Pearse Over CSU Claims

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Oluremi Omowaiye

‘Tinubu Graduated in 1979, You Arrived in 1985′: Omowaiye Challenges Pearse Over CSU Claims

 

ABUJA, Nigeria – A chieftain of the All Progressives Congress (APC), Oluremi Omowaiye, has challenged Peoples Democratic Party (PDP) chieftain, Dr Adetokunbo Pearse, over his claims concerning President Bola Tinubu’s academic records, drawing attention to their respective educational backgrounds.

 

Omowaiye’s reaction followed Pearse’s recent television interview in which the former Chicago State University (CSU) lecturer questioned Tinubu’s attendance at the American institution and alleged that the President never studied there.

 

Pearse had claimed that he worked at Chicago State University between 1985 and 1990 and served as the director of the programme Tinubu reportedly attended.

 

However, Omowaiye dismissed the claim, arguing that Tinubu had graduated from the university in 1979, six years before Pearse said he began working there.

 

According to Omowaiye, the timeline raises questions about Pearse’s assertion that he directed the programme attended by the President.

 

The APC chieftain also questioned Pearse’s academic background, pointing to his reported studies in English at Bayero University, Kano, and subsequent academic pursuits at the University of Sheffield and the University of Wisconsin-Madison, where he reportedly obtained a doctorate in Contemporary African Literature.

 

Omowaiye argued that Pearse’s academic specialisation was in English and the humanities rather than Accounting, the discipline Tinubu studied at Chicago State University.

 

On Tinubu’s educational records, Omowaiye cited the October 2023 testimony of Chicago State University’s Registrar, Caleb Westberg, during legal proceedings in the United States.

 

Westberg testified that Tinubu attended the institution between August 1977 and June 1979 and graduated on June 22, 1979, with a Bachelor of Science degree in Business Administration, majoring in Accounting.

 

The testimony was accompanied by university documents presented during the proceedings.

 

Omowaiye also maintained that the controversy surrounding Tinubu’s academic qualifications had been addressed by the Nigerian Supreme Court.

 

The APC chieftain reportedly gave Pearse seven days to retract his allegations and apologise publicly, threatening legal action and petitions to the Inspector-General of Police and the Director-General of the Department of State Services if he failed to comply.

 

He said his intervention was motivated by concerns about the spread of claims concerning the President’s educational background, particularly among young Nigerians.

 

The controversy followed Pearse’s appearance on News Central Television, where he questioned the President’s academic history and accused the Minister of Education of misleading Nigerians over Tinubu’s educational records.

 

However, Pearse’s allegations remain disputed, particularly in view of the testimony and documentary evidence presented by Chicago State University during the 2023 US court proceedings.

 

The latest exchange has further intensified political arguments surrounding Tinubu’s educational qualifications as political activities gradually gather momentum ahead of the 2027 general elections.

 

‘Tinubu Graduated in 1979, You Arrived in 1985’: Omowaiye Challenges Pearse Over CSU Claims

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Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him

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Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him
Delta Police Command Public Relations Officer, SP Edafe Bright,

Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him

EDJEKOTA-OGOR, DELTA STATE — A schoolboy identified as Marvellous has reportedly escaped a suspected kidnapping attempt after a commercial motorcycle rider allegedly tried to lure him away by claiming that his father had sent him.

The incident occurred in Edjekota-Ogor community in Delta State, where the unidentified motorcycle rider reportedly approached the boy and attempted to gain his confidence by mentioning his father’s name.

The suspect allegedly told Marvellous that his father had instructed him to pick him up, apparently hoping to deceive the young boy into following him.

However, Marvellous reportedly became suspicious of the rider’s claim and refused to go with him, thereby foiling what could have been an abduction.

Following the incident, community leaders reportedly intervened to ensure the boy’s safety and facilitate his return to his family.

The President-General of Edjekota-Ogor community subsequently directed the community’s Secretary-General to take necessary steps to protect the boy and reunite him with his relatives.

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Acting on the directive, the Secretary-General reportedly contacted members of Marvellous’s family and successfully ensured that he was returned safely to his relieved parents.

The incident has drawn attention to the need for increased vigilance among parents, guardians and community members over the safety of children.

Parents have been urged to educate their children never to follow anyone, including familiar-looking strangers, without first confirming such arrangements directly with them.

Children should also be taught not to rely solely on someone mentioning their parents’ names as proof of familiarity or authority.

The identity and whereabouts of the suspected motorcycle rider were not disclosed in the account of the incident.

Schoolboy Foils Kidnap Attempt After Suspect Uses Father’s Name to Lure Him

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