NFIU Identifies Terrorist Financing Methods in Nigeria

The NFIU , in a newsletter, said terrorist groups receive funds through crowdfunding, online transactions , and betting platforms . The financial intelligence unit said it has identified a “network of affiliates of the Indigenous People of Biafra (“ Nigeria , Africa’s most populous country, has faced significant challenges related to terrorism financing, particularly due to the activities of Boko Haram and other extremist groups operating within its borders,” the newsletter reads.

“These groups have been involved in various forms of illicit financing to fund their operations, including attacks, recruitment, and procurement of weapons. “The strategies employed by terrorist groups to generate and move funds within Nigeria’s financial landscape include, crowdfunding, the use of online platforms and the use of betting platforms amongst others. “The diaspora affiliates of the IPOB group have spread over 22 (twenty-two) countries across the glob

NFIU Nigeria Terrorist Financing Crowdfunding Online Transactions Betting Platforms Boko Haram Extremist Groups Indigenous People Of Biafra IPOB

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