THE Inter-Governmental Action Group against Money Laundering in West Africa, established by the Economic Community of West African States, says Boko Haram splinter group, Islamic State West Africa Province, moved about N18bn generated from trading and taxing communities in the Lake Chad region through the Nigerian financial system annually.
The group, known as GIABA, stated these in its 2021 Mutual Evaluation Report, where it also noted that Nigeria lacked an explicit policy to confiscate proceeds of crime or property of equivalent value, including terrorism financing. The report stated, “Boko Haram/ISWAP pose significant TF risks that are challenging to disrupt, operating in large part outside the formal financial and commercial system in the conflict zone.
“The authorities believe that any external support from ISIS Core may account for a small portion of ISWAP’s overall revenues. However, trade with broader criminal networks that could extend to regional jihadist organisations appears to generate significant income for both Boko Haram and ISWAP.” “The Department of State Services, Nigeria’s lead counter-terrorism agency, has significant ability to identify and investigate TF activity. It conducts parallel financial investigations in conjunction with terrorism investigations. However, there is little evidence of the effectiveness of such efforts.
The financial task force observed that the larger commercial banks and those affiliated with international groups have a good understanding of money laundering and terrorism financing risks. He said the apex bank sustained the practice because of the role the BDCs played in the economy, but that it was disappointing to find that they turned themselves into agents that facilitated graft and corruption in Nigeria, which necessitated their suspension.
Meanwhile, the Federal Government has sent a delegation to London to engage with the Financial Action Task Force over the negative assessment. In 2017, the FATF suspended Nigeria’s membership of the Egmont Group of Financial Intelligence Units due to the lack of legal framework and autonomy for the Nigerian Financial Intelligence Unit, which was then an arm of the Economic and Financial Crimes Commission.
The West African financial intelligence watchdog in its evaluation of Nigeria further said the use of financial intelligence by law enforcement agencies remains limited due to the low level of feedback to the NFIU, limited scope of entities that file suspicious transaction reports, lack of reporting on cross-border movement of bearer negotiable instruments, inbound cross-border movement of currency disclosures due to the low level of implementation of these systems and the limited scope of...
DeborahToluwase OvieNews come and see something
Have you ask yourself what ideology this people subscribe to buhari pantami Gumi el rufia Tanko malami lai Muhammad Gadudollas and sanusi. You can't restructure or change the ideology of the Fulanis in the 1000 years time end nigeria now to safe lives
How can nigeria government fight boko haram when they have boko haram sponsor in power. Why buhari regime released boko haram members and recruit them into nigeria army. Boko haram are getting vip treatments under buhari regime why their victim's are suffering in IDP camp
KYC on the rocks.
RITAENG1234 Big problem,,,if only the head of state will do the needful
FreeBiafra777
FreeBiafra777 On Nigeria is a danger to lives of Southerner’s, the Fulani Fed Government doesn’t care about your health nor safety. So much for your “One Nigeria” RIPONENIGERIA YorubaNationNowm BiafraNationNow MiddleBeltNationNow
Buhari, malami,el rufia Amina and top fulani in government knows about it.....terrorist country
Currupt govt
Where’s that Eleribu Fulani Financial Commission EFCC 🙄 Country wey den suppose throw away❌
What we have in Nigeria is a terrorists sympathisers government
Through Nigeria Governor.
AkpovirG They achieve that with the help of Buhari.
Hahahhahhaha what do you expect? Even a baby can tell you why.
Buhari is shocked about this report.
DavidHundeyin corn flakes for jihad!!
This no longer a story. The DSS, NIA, Military, CBN, and police are all on the known. The truth is that the power that is supporting the terrorists.
Buhari and CBN are only interested in tracing funds from their main enemy, IPOB... Ofcourse they r part of ISWAP and will aid them move profits. Smh
This administration?
Fulanis terrorist militants.
Eleyi po
18bn?
Osisiigbo AND THE WORLD IS STILL DANCING WITH BUHARI TERRORIST PRESIDENCY ORGANIZATION. TIME WILL TELL. ONE NIGERIAN SHALL TEACH THE WORLD A LESSON THAT THEY WILL NEVER FORGET
YOU CAN'T GET PAST THIS PICTURES WITHOUT PEEPING ✔️✔️✔️✔️✔️✔️✔️✔️💯💯💯💯💯💯💯 PRICE HAS BEEN SLASHED HEAVILY 💃💃💃 PRICE: 21K FREE DELIVERY WITHIN LAGOS OUTSIDE LAGOS DELIVERY 2K -4K DEPENDING ON THR LOCATION ✔️✔️✔️✔️✔️✔️✔️✔️✔️ PLS PATRONIZE US
Of course, d account holders r unknown & govt working quietly behind d scenes to make sure that ISWAP, BHT financing continue to oil d IGR of d Insurgency military complex. Missing weapons Late. Attahiru alarmed about b4 demise in air crash have not been delivered till date.
What do you expect from a Janjaweed government?
GoldenBalance86 Greetings From Biafra Land Just a reminder that one Nigeria is a crime against humanity, And Disintegration through a BiafraReferendum remains the only peaceful way forward There's nothing like One Nigeria FreeMaziNnamdiKanuNow BiafraReferendumNow.
jihadwatchRS
Efcc dey sleep abi? GOD dey see all of una If person account 10m enter Efcc go don dey run follow u up & down Hiss
SavvyRinu ayemojubar Tutsy22
Hmmm...
HURIWA_NIGERIA PaAdebanjo Ohanaezendigboo ActionWic DavidHundeyin adeyanjudeji KoikiMedia MaiyegunsDiary simon_ekpa BiafranTweets bcnewsroom snnbiafra Standardobserve VP POTUS USSenate JacksonLeeTX18 ICC 10DowningStreet HouseofCommons
Where is that failed EFCC chairman who thinks that only internet fraud constitute financial crimes?
Where is Isa Pantami and his NIN trackers?
Remember that Hundeyin article?
We know this from unset. Late Sanni Abacha said if Insurgence last more than 24 hours the government has something to with it. And I believe it, Bokohari Pls do something
Over 12 years, the Nigerian government has failed to identify, indict or prosecute ANY individual or group responsible for financing terrorism. Do you think the global comity takes us serious when we ask for help to combat insecurity? Follow the money, it has NEVER failed.
No Fulani's Caliphate Government of Nigeria Country,Like Buhari,Lai GarbaShehu Gumi Malami HopeUzodnma Will tell them that those that are moving the Money are Faceless.we don't know them and we don't know who there are..That's the hand works of British Colonialism Shameful
Because there governmental members are at work.
The Foreign Copywriters Copywrite Initiative 💸💰🤫
4th tier
Buhari's fighting corruption.
Meffy is helpless
DSS or whomever has been consistently tampering with my electronic devices, I am not one of the above. I even write to your current employer (the Nigerian Government) for fact verification. These are the people you should be going after 👇👇
Buhari's government is proudly enabling terrorism in Nigeria. The said terrorists are not even using crypto that the government maliciously banned claiming they have no control over it. Its the one they have control over that terrorists are using, mad people
This is an INDICTMENT on the government of Nigeria. It clearly shows the fight against terrorism is failing.
Who know where we're now
Failed government
Buhari is a disgrace to what Nigeria nationhood stands for! All of these is only possible when u have a jihadist as President n he ensured he put his put in all arms of security to grant free access to his fellow jihadist.
Na to ban crypto currency this idiots sabi.
And someone will tell us this government is not culpable! In a sane country, this president would have been impeached long ago
Let us divide and let everyone go home to their father's land, that is the only solution.
Yet NNAMDI Kanu is top priority.... Nigerians sef una mumu too much... Do ya all understand the implication of this? Those killing your citizens moving money through your government owned platforms....let that sink... Na d same people ukochukwu
Time shall tell............ No one will escape it
Does the faces of any of these people reflect any confidence that they know what they're doing? Many things in Nigeria including the economy has gone to hell on their watch
Then Buhari and Meffy hands dey there. No discrepancy.
What do you expect from a terrorist sympathetic government...🤡
And what are you efulefu doing to stop it?
Accounts of EndSARS protesters were blocked by the CBN but same CBN can't block accounts of a known terrorist group. Make this make sense.
ISWAP,Boko Haram,Ansaru,Deadly herdsmen terrorists & bandits (if they exist) are all part & parcel of NIGERIA Govt. They're legitimate stakeholders in the governance of Nig. ObamaWhiteHouse BorisJohnson IDF IsraeliPM HouseofCommons UKParliament UNHumanRights
Northern leaders just destroying nigeria by their self, criminal group
My country Nigeria, is fantastically corrupt
Because Buhari and his government are sponsors of Terrorism.
😀
How about the weapon the FG delivers to them.
oluwaloninyo We are just being deceived in Nigeria, nations outside are sending signals and clues on Terrorists disturbing the nation. Our leaders are just throwing it under the carpet because they're the Sponsors of it. Na EndSARS protesters account dem fit block. ISWAP be dem Brother's.
This administration, Nigeria will never forget. God will redeemed us from this government, I know.
Looting money GONE SO SOON
ECOWAS body has been compromised. This report was sponsored by the opposition PDP to ridicule this Govt...Lai Mohammed, Shehu Garba & Femi
kingsijeh Hmmm you people really need to put a stop to this political embezzlement and start paying your depths. STARTING FROM THE MONEY YOU BORROWED FROM CHINA
Bvn, nin, sim registration didn't work....Nig govt is complacent
The criminals terrorists Nigeria government is parts and parcel with ISWAP terrorists group financial
SUKUK
This three are the most useless set.
If it's not Endsars baba is not interested,they can move trillions for all he cares.
Big lie that money has been looted by those thieves you see there (madam vulnerable) soon we will hear they're the poorest of the poorest
That is insignificant compared to what Endsars were moving. Can you imagine the funds that is required to March from Lagos to Aso rock to remove Buhari?
PMB's govt
Boko Haram, jihadists and terrorists are in this govt.
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