The United States government has announced fresh sanctions targeting individuals and businesses allegedly involved in financing the Islamic State (ISIS), as part of ongoing efforts to disrupt global terrorist funding networks.
In a statement released on Monday, U.S. authorities designated three individuals and six companies accused of facilitating the movement of funds across international borders on behalf of ISIS. The network reportedly spans Europe, the Middle East, and West Africa.
According to Washington, dismantling these financial channels will help cut off resources used by ISIS to carry out attacks, support affiliated groups, and threaten civilian populations, including religious minorities.
Among those sanctioned is Muhammad Mukhtar Adamu, a Nigerian national linked to ISIS-West Africa. U.S. authorities allege that his money exchange businesses served as conduits for ISIS-related financial transactions. Adamu, born on August 2, 1990 (alternate date: August 3, 1990), is listed as residing in the Agege area of Lagos State.
Also designated are Abdelhakim Boukich, also known as Babili Muhammad, a Syrian national accused of using cryptocurrency to transfer funds on behalf of ISIS affiliates, and Abderrahmane Miloud, also known as Ghazi Ibrahim, a French national alleged to have provided explosives-related information to ISIS supporters.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) classified the individuals and associated entities as Specially Designated Global Terrorists (SDGTs).
Three Nigerian-based companies linked to Adamu were also sanctioned:
General Currency Bureau De Change Limited, Lagos (RC 1555604), incorporated on January 9, 2019.
Manhattan Bureau De Change, Kano (RC 1763824), incorporated on January 26, 2021.
Nine To Nine Exchange Bureau De Change, FAAN Complex, Airport Road, Lagos (RC 1462752), incorporated on August 22, 2017.
The U.S. government reaffirmed its security partnership with Nigeria, highlighting the joint operation conducted on May 16, 2026, which led to the killing of Abu-Bilal al-Minuki, described as ISIS’s second-in-command.
The State Department said sustained pressure on the terrorist group has weakened its centralized structure, forcing it to increasingly depend on financial intermediaries to maintain connections across its global network.
“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 statement said.
The latest sanctions underscore Washington’s commitment to disrupting terrorist financing networks and preventing ISIS from accessing resources needed to sustain its operations worldwide.
