US sanctions Lagos-based BDC operator, firms over alleged terrorism financing (opens original article in a new tab)

The US has sanctioned a Lagos-based BDC operator and three firms for allegedly financing ISIS-West Africa, blocking their assets and prohibiting transactions with them.

• US sanctions Lagos-based BDC operator Mukhtar Muhammad and three firms over alleged terrorism financing for ISIS-West Africa
• OFAC alleges Muhammad and the firms facilitated financial transactions for ISWAP, a Boko Haram breakaway group
• US sanctions block property of designated individuals and prohibit transactions with them unless authorized