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Terrorist Funding: Who Really Wants Nigeria To Fall?

By Benjamin Abioye

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Terrorist Funding in Nigeria

For over 15 years, Nigeria has been embroiled in a relentless battle against Boko Haram and other terrorist groups. Despite sustained military operations, these groups have continued to regroup, leading to speculation about their sources of funding. Recent statements by Nigeria’s Chief of Defence Staff, General Christopher Musa, and U.S. Congressman Scott Perry have reignited questions about international involvement in financing terrorism in Nigeria.

In a recent interview with Al Jazeera, General Musa pointed out a disturbing trend: many Boko Haram fighters who surrendered were found with significant amounts of hard currency. He raised fundamental questions:

“How did they get them? How are they funded? How did they get the training? How did they get the equipment? How are they able to sustain themselves for 15 years?”

His assertion that there may be an “international conspiracy” fueling terrorism in Nigeria cannot be ignored. Musa called for the United Nations to step in, urging the need for an international body to trace these financial transactions:

“The UN needs to come in to ensure that, because we need to trace the funding. How are they sustaining themselves for 15 years? Track the funding. It’s international flow. We don’t have control over that.”

This raises a critical issue: If the funding is international, how can it be investigated effectively without political interference or compromise?

Echoing concerns about external funding, U.S. Congressman Scott Perry recently alleged that the United States Agency for International Development (USAID) had been inadvertently funding terrorist organizations, including Boko Haram. In a congressional hearing, he stated:

“Your money, $697 million annually, plus shipments of cash, is funding Madrasas, ISIS, Al-Qaeda, Boko Haram, ISIS-Khorasan, and terrorist training camps.”

This claim is particularly significant, as it suggests that U.S. taxpayer dollars—meant for aid and development—may have been misused to finance terrorism. Perry also referenced USAID’s questionable financial activities in Pakistan and Afghanistan, including alleged ghost schools and fraudulent women’s empowerment programs.

If these allegations hold any truth, they reinforce General Musa’s concerns. The challenge, however, is determining the authenticity of these claims and ensuring that financial tracking mechanisms remain independent of political manipulation.

The persistence of terrorist groups in Nigeria despite military efforts suggests that external support plays a role in their survival. If financial tracking mechanisms exist, why has it been so difficult to cut off these sources of funding? Some crucial questions arise:

– If an international conspiracy is at play, what is the motive? Is it economic, geopolitical, or a strategy to weaken Nigeria’s sovereignty?

– How has Boko Haram managed to obtain continuous funding despite counter-terrorism efforts by multiple global organizations?

– If USAID funds have indeed been misappropriated, who is accountable, and what corrective measures can be taken?

– Why has there been little to no transparent investigation into the financial networks sustaining these terrorist groups?

Given the transnational nature of these allegations, an independent, internationally recognized body must lead the investigation into Boko Haram’s financial networks. However, for such an investigation to be credible, it must:

  1. Be free from political influence: Any investigation must prioritize facts over diplomatic interests.
  2. Follow the money trail transparently: Financial transactions must be traced through banks, crypto networks, and informal cash systems without interference.
  3. Hold accountable those involved, regardless of status: Whether governments, NGOs, or private entities, anyone found complicit must face consequences.
  4. Establish stronger regulations for international aid funding: If aid agencies are unintentionally financing terrorism, strict oversight mechanisms must be implemented.

The debate surrounding Boko Haram’s funding is no longer just about Nigeria—it is a global security issue. If the Nigerian Defence Chief and a U.S. Congressman are both pointing to international funding as a core issue, then the world must take this seriously. Nigeria cannot fight this battle alone, and the international community must step in with genuine transparency, free from political or economic agendas.

The question remains: Who really wants Nigeria to fall? More importantly, who benefits from its instability? Until these questions are answered with concrete evidence, the cycle of violence may continue—at the cost of innocent lives.

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