North-East: It is time to end terrorism financing, violent extremism, By Muhammed I. Saheed

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Without doubt, terrorism financing is the backbone of these subversive groups, as these funds go into buying weapons, recruiting militants, and operating terrorist organisations. Just as the United Nations Office on Drugs and Crime puts it, “terrorist groups need money to sustain themselves and carry out terrorist acts.”

It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.…weak security and surveillance at national borders contribute to the issue of terrorism financing in Nigeria. This lack of control and monitoring allows terrorists, as well as small arms and light weapons, to infiltrate the country quickly.

As poor awareness at community levels hamper collective monitoring and timely response to warning signals of potential terrorist activities and violent extremism, the security situation in Nigeria has become increasingly complex and uncertain, as various non-state armed groups have emerged and consolidated coercive power to terrorise the population in Nigeria, as evident in the North-East and other parts of the country.

More importantly, the capacity gaps within law enforcement and regulatory agencies also hamper efforts to address the challenge of terrorism financing effectively. These institutions must be adequately equipped and trained to detect and disrupt the financial networks of terrorist organisations.

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