The Federal Government of Nigeria has expressed its support for recent US sanctions imposed on Nigerian Bureau De Change (BDC) operators accused of financing terrorism. The government stated its commitment to collaborating with both domestic stakeholders and international partners to enhance national security.

The Economic and Financial Crimes Commission (EFCC) is preparing to charge a Lagos-based Bureau De Change (BDC) operator, Mukhtar, over allegations of terrorism financing. The EFCC has reportedly completed significant parts of its investigation into the matter, which is linked to a US blacklist.

Nigeria's Federal Government is preparing to charge a Bureau de Change (BDC) operator who has been sanctioned by the United States for allegedly funding ISIS. This decision follows extensive investigations conducted by the Economic and Financial Crimes Commission (EFCC) and other agencies.

ABCON has expressed its condemnation of terrorism financing and voiced support for US sanctions, presenting a 7-point strategy aimed at improving compliance and protecting Nigeria's financial system. This initiative underscores the organization's commitment to addressing the issue of terrorism financing within the country.

The federal government of Nigeria has issued a directive to banks in response to the identification of individuals and companies suspected of financing terrorism. This measure aims to enhance the monitoring and regulation of financial transactions related to these suspects.

The United States government has sanctioned a Nigerian citizen and three Nigeria-based companies for allegedly facilitating financial transactions linked to the Islamic State of Iraq and Syria (ISIS), according to Ripples Nigeria. This action is part of a broader effort to combat terrorism financing.