FG Discovers 96 Sponsors Of Terrorism, Boko Haram

96 financiers cum sponsors of terrorism and 424 associates/supporters of the financiers of terrorism have been uncovered by the Nigerian Financial Intelligence Unit, the Federal Government announced on Thursday.

Lai Mohammed, Minister of Information and Culture, made this known during a briefing on the anti-corruption fight of the President, Major General Muhammadu Buhari (retd.)’s regime on Thursday.

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The minister also said the fraud unit unmasked 123 companies and 33 bureaux de change linked with terrorism in the country.

He said, “For its part, the analysis by the Nigerian Financial Intelligence Unit, 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 7 co-conspirators. The analysis has resulted in the arrest of 45 suspects who will soon face prosecution and seizure of assets.

“Also, from its analysis of tax evasion and tax avoidance linked to corruption, NFIU has identified N3,909,707,678,112.43 in VAT and N3,737,918,335,785.82 in Withholding Tax due to the Government. NFIU has also sent 1,165 intelligence
reports on cases of corruption, money laundering and other serious offences to 27 domestic agencies for investigation, prosecution and asset recovery.

Giving details of the sponsors of terrorism in the country, he said:

“On terrorism financing, NFIU had intelligence exchanges on Boko Haram, ISWAP, banditry, kidnapping and others with 19 countries. During the same period, 2020-2021, the organization returned fraudulently-obtained funds totalling US$103,722,102.83, 3,000 Pound Sterling; 7,695 Singapore Dollar and 1,091 Euros to 11 countries of victims who came into the country.”

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