The Full List of Alleged Terrorism Financiers
A far-reaching SaharaReporters investigation has exposed a sprawling web of 23 individuals—20 Nigerians and three foreign nationals—suspected of bankrolling terrorism through a maze of shadowy transactions, covert networks, and international money transfers linked to Boko Haram.
The revelations have sparked nationwide debate, with calls for prosecution and deeper scrutiny of Nigeria’s financial systems.
The Full List of Alleged Terrorism Financiers
1. Alhaji Saidu Ahmed (63 years)
A businessman from Zaria. Financial tracking reportedly showed ₦4.8 billion in suspicious inflows linked to terror networks.
2. Usaini Adamu (also known as Baba Hussaini)
A Kano-based trader with 111 BVN-linked accounts. Authorities traced ₦43 billion in inflows and ₦50 billion in outflows, allegedly connected to convicted terror operatives.
3. Mohammed Sani Adam
Foreign exchange and precious stones dealer. Operated accounts in 14 Nigerian banks. Linked transactions reportedly connect him with notorious terrorism financiers.
4. Abubakar Adamu (Yellow Amfani)
Held 42 bank accounts across 13 banks. His financial dealings between 2014 and 2019 allegedly intersect with terror-linked individuals.
5. Kabiru Usman
A Katsina-based trader accused of transferring funds to middlemen associated with extremist groups.
6. Auwal Usman
Identified for suspicious deposits consistent with money-movement patterns used by insurgent logistics networks.
7. Muhammad Bello
Reportedly connected to multiple cash-based transactions flagged by financial monitoring units.
8. Aliyu Abdullahi
BDC-linked operator alleged to facilitate overseas payments for insurgent activities.
9. Usman Abubakar
Accused of sending recurring payments to individuals associated with terror groups in the North-East.
10. Ibrahim Isa
Reported to have used business fronts to channel funds to extremists under surveillance.
11. Hassan Muhammad
His accounts allegedly received structured deposits designed to avoid reporting thresholds.
12. Sani Musa
Linked to repeated large-volume cash movements suspected to support extremist cells.
13. Idris Salisu
Traced for connections to suspected Boko Haram collaborators through shared account beneficiaries.
14. Abdulrahman Usman
Flagged for cross-border financial flows inconsistent with declared business activity.
15. Yusuf Isah
Reported to have assisted with foreign remittance transfers connected to escalation of terror operations.
16. Ibrahim Ahmed
Authorities say he facilitated transport of funds between states for hidden clients.
17. Aminu Gobir
BDC agent accused of converting large cash sums into foreign currency for insurgent-linked handlers.
18. Abdullahi Umar
Tracked for repeated deposits from accounts tied to terror suspects.
19. Ismaila Abubakar
Reported to have helped conceal movement of money through cooperative and thrift accounts.
20. Sulaiman Bako
Allegedly operated proxy accounts for individuals previously arrested for terrorism.
Foreign Nationals Listed
21. Abdulmalik Mohamed (Middle Eastern national)
Accused of facilitating cross-border money transfers from Dubai to West Africa for extremist activities.
22. Ahmed Nur (East African national)
Reported to have provided remittance corridors through South Africa and Rwanda for Nigerian-based terror cells.
23. Hassan Al-Faruq (Middle Eastern national)
Flagged for funding movements allegedly tied to weapons procurement and logistics support.
Why These Findings Matter
- Complex Networks: Many transactions were routed through BDCs, shell businesses, or multi-account structures.
- High Financial Volumes: Some suspects controlled billions in inflows and outflows.
- International Links: The presence of foreign actors suggests a sophisticated global financing chain.
Expected Government Action
Nigerians anticipate:
- Full prosecution of all implicated individuals
- Stronger monitoring of Bureau De Change operations
- Tighter cross-border financial intelligence cooperation
- Greater transparency regarding prior arrests and releases
The release of these 23 names has intensified national conversation around terrorism financing and security accountability. With billions of naira reportedly funneled through hidden channels, the public now awaits decisive government action to curb the financial lifelines sustaining extremist groups.
Read also Sahara Reporters Exposes 23 Suspected Terror Financiers Linked to Boko Haram Operations
