123 Companies, 96 Financiers Behind Boko Haram Terrorism

The Federal Government on Thursday uncovered about 123 companies and 96 financiers of Boko Haram terrorism in Nigeria.

The incumbent Minister of Information and Culture, Alhaji Lai Mohammed, made this known at a briefing on the anti-corruption fight of President Muhammadu Buhari. The 96 financiers and firms were alleged to be those backing the Islamic State of West Africa Province (ISWAP) and Boko Haram.

The Nigerian Financial Intelligence Unit (NFIU) also uncovered 424 associates and supporters of the financiers and about 33 bureaux de change linked with terrorism.

Mohemmed, in his words, said:

”For its part, the analysis by the Nigerian Financial Intelligence Unit (NFIU), in 2020-2021, revealed 96 financiers of terrorism in Nigeria, 424 associates/supporters of the financiers, involvement of about 123 companies and 33 bureaux de change, in addition to identifying 26 suspected bandits/kidnappers and seven co-conspirators. The analysis has resulted in the arrest of 45 suspects who will soon face prosecution and seizure of assets.”