Source: Zagazola Makama (via X)
The Federal Government has identified 15 individuals and business organisations allegedly linked to terrorism financing networks operating within and outside Nigeria in 2024.
According to details shared by security analyst Zagazola Makama on his X account, the list emerged from an inter-agency security review that tracked financial flows, logistics support and resource channels used by terrorist groups.
The government named nine individuals accused of facilitating terrorism-related activities. They are: Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa, and *Umar Abdullahi.
Additionally, six business entities were flagged—mostly Bureau De Change (BDC) operators and trading companies—over alleged involvement in enabling financial transactions for terrorist-linked networks.
The listed firms include: West & East Africa General Trading Company Limited, Settings Bureau De Change Ltd, G. Side General Enterprises, Desert Exchange Ventures Ltd, Eagle Square General Trading Company Limited, and Alfa Exchange BDC.
Security officials cited by Makama said the designations followed months of intelligence gathering, financial analysis, and collaboration with international partners. They described the clampdown as part of a broader national effort to disrupt terrorism financing, strengthen financial system compliance, and support ongoing military operations against insurgent groups.
The Federal Government had earlier announced that investigations into terrorism financing would continue, adding that additional names may be reviewed as security agencies intensify surveillance on financial institutions, BDC operators and cross-border cash movements.
Makama noted that Nigeria has, in recent years, expanded its counter-terrorism strategy to target financial facilitators, logistics networks and covert channels sustaining extremist organisations across the Lake Chad Basin and the North West.
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