At last, FG uncovers individuals behind terrorism financing in Nigeria


The Federal Government has released the identity of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing.

Some of the individuals and corporate persons whose identities were hitherto shrouded are Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan , Adamu Ishak, Hassana-Oyiza Isah, Abdulkareem Musa and Umar Abdullahi.

Others are West and East Africa General Trading Company Limited, Settings Bureau De Change Limited, G. Side General Enterprises, Desert Exchange Ventures Limited, Eagle Square General Trading Company Limited and Alfa Exchange BDC

The Nigerian Financial Intelligence Unit which made the revelation on Tuesday vide a document said the named individuals have been listed for sanctions.

The Nigerian Financial Intelligence Unit (NFIU) is the Nigerian federal agency responsible for collecting and analyzing disclosures from reporting organizations, in order to produce financial intelligence to other agencies combating money laundering, terrorism financing, and other financial crimes.

The agency acts as the Financial Intelligence Unit for Nigeria and has accordingly forwarded necessary intelligence regarding the affected individuals and corporate persons to Nigeria Sanctions Committee headed by the Attorney-General of the Federation for appropriate sanction.

The Nigeria Sanctions Committee is the national body responsible for the implementation of the United Nations Security Council Resolutions (“UNSCRs”) on Targeted Financial Sanctions.

BAR & BENCH WATCH reports that the Nigeria Sanctions Committee (NSC) was established in pursuit of Nigeria’s commitment to international peace and security as enunciated under the Charter of the United Nations.

Targeted Financial Sanctions (“TFS”) issued by the United Nations Security Council are designed to deny any individuals or entities associated with terrorism, terrorism financing and financing of the proliferation of weapons of mass destruction (“WMDS”) access to assets, funds, equipment or support.

The NSC by virtue of Section 10 of the TPPA 2022 is empowered to enforce the implementation of all the UNSCRs contained in Schedule 1 of the Terrorism (Prevention and Prohibition) Act 2022.

The Nigeria Sanctions Committee met on March 18, 2024, where specific individuals and entities were recommended for sanction following disclosure of their purported involvement in terrorism financing.

Giving further details on the indicted individuals and corporate persons, the NFIU document said the specific individuals and entities recommended for sanction included a Kaduna-based publisher, Tukur Mamu, who is currently being tried by the Federal Government for allegedly aiding the terrorists who attacked the Abuja-Kaduna train in March 2022.

According to the NFIU document, now in the public domain, Mamu “participated in the financing of terrorism by receiving and delivering ransome payments involving over the sum of $200,000 US in support of ISWAP terrorists for the release of hostages of the Abuja-Kaduna train attack.”

The document said one of the individuals is “the suspected attacker of the St. Francis Catholic Church Owo, Ondo State on June 5, 2022 and the Kuje Correctional Center, Abuja on July 5, 2022.”

Another was described as “a member of the terrorist group Ansarul Muslimina Fi Biladissudam.

The group is associated with Al-Qaeda in the Islamic Maghreb.

“The subject was trained and served under Muktar Belmokhtar, aka One Eyed Out, led Al-Murabtoun Katibat of AQIM in Algeria and Mali.”

The NFIU said the individual “specializes in designing terrorist clandestine communication code and he is also Improvised Explosive Device expert.

“The subject was also a gate keeper to ANSARU leader, Mohammed Usman aka Khalid Al-Bamawi. Equally, he was a courier and travel guide to AQIM Katibat in the desert of Algeria and Mali. He is into carpentry. Subject fled Kuje correctional centre on July 5, 2022. He is currently at large.”

Another was identified as “a senior commander of the Islamic State of West Africa Province Okene.”

The agency said, the individual “came into limelight in 2012 as North Central wing of Boko Haram.

“The group is suspected of the attacks carried out around Federal Capital Territory and the South West Geographical Zone, including the June 5, 2022 attack on St. Francis Catholic Church, Owo, Ondo State.”

Another was described as “a financial courier to ISWAP Okene. She is responsible for the disbursement of funds to the widows/wives of the terrorist fighters of the group.”

According to the document, another of the individuals “in 2015, transferred N60m to terrorism convicts.”

He was also said to have “received a sum of N189m between 2016 and 2018.”

The same person is said to “own entities and business reported in the UAE court judgment as facilitating the transfer of terrorist funds from Dubai to Nigeria.”

Another individual was said to have “received a total of N57m from between 2014 and 2017.”

Another was said to have “had a total inflow of N61.4 bn and a total outflow of N51.7bn from his accounts.”

The document further revealed that, in accordance with Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, institutions and individuals are required to:

“(a) immediately, identify and freeze, without prior notice, all funds, assets, and any other economic resources belonging to the designated persons and entities in your possession and report same to the Sanctions Committee;

“(b) report to the Sanctions Committee any assets frozen or actions taken in compliance with the prohibition requirements.

“(c) immediately file a Suspicious Transactions Report to the NFIU for further analysis on the financial activities of such an individual or entity; and

“(d) report as a Suspicious Transactions Report to the NFIU, all cases of name matching in financial transactions prior to or after receipt of this List. ”

It said the “The freezing obligation required above shall extend to

“(a) all funds or other assets that are owned or controlled by the designated persons and entities, and not only those that are tied to a particular act, plot, or threat of terrorism or terrorism financing;

“(b) those funds or other assets that are wholly or jointly owned or controlled, directly or indirectly, by designated persons or entities;

“(c) the funds or other assets derived or generated from funds or other assets owned or controlled directly or indirectly by designated persons or entities; and

“(d) funds or other assets of persons and entities acting on behalf of, or at the direction of designated persons or entities.”

Those named in the document for financing terrorism include:

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