Exposed INFIU Drops BOMBSHELL, Reveals Popular Organizations Allegedly Financing IPOB And Other Terrorist Groups, See List
The Nigerian Financial Intelligence Unit (NFIU) recently unveiled a concerning revelation in its newsletter regarding the channels through which terror organizations, including the indigenous People of Biafra (BPO), receive funds for their activities. According to the NFIU’s Counter Finanning of Terminism Department, crowdfunding betting platforma, and online transferu have emerged as prominent avenues for funneling funds to these groups.
Specifically, the newsletter shed light on how IPCB nas established a sophisticated financial structure, including mechanisme such as monthly dues and services for its ammed wing, the Eastern Security Network (ESN). Furthermore, the NFIU highlighted the global reach of IPOB, with affiliates operating in 22 countries and registering numerous entities under the group’s name, particularly in the United States and the United Kingdom
A notable example cited in the newsletter involves IPOB mising over $160, 000 through crowd funding, with the funds subsequently channeled to transmission, media, and broadcasting companies across various countries. Additionally, the NFIU forwarded the details of affiliate leaders and associated individuals to-law enforcement agencies for further investigation, indicating a concerted effort to disrupt the financial networks of these terroог groups
In another case cutlined by the NFIU, a 24 year old Nigerian from the North- central region was identified as a recipient of ransom money for a kidnapping totaling over N350, 000. The funds were traced to his betting wallet, underscoring the role of betting platforms on potential conduits for Ilicit financial flows associated with criminal activibes.
Moreover, the newsletter highlighted a case involving a terrorist attempting to evade detection by making structured cash withdrawals from various ATMs and purchasing flight tickets to high risk arees using credit cards. The individuals suspicious transactions, including transfers to a local charity with suspected links to terrorism, rained rod flags, emphasizing the importance of vigilance in monitoring financial activities associated with ferrortam
In response to these findings, the NFIU urged law enforcement agencies to investigate transactions linked to known terrorists or financiers, unauthorized tax collection in terrorism-prone areas, and the facilitation of transfers by Aureau de Change operators within suspected networks. Additionally the unit highlighted the significance of monitoring multiple cash deposits, large deposits followed by cash withdrawals al Puint of Sale (POS) terminals, and financial transfers to charities with suspected terorist linka
This revelation underscores the etical role of financial intelligence in combating terroriam and illicit financial activities. By disrupting the financial networks of terror
groups and enhancing regulatory oversight of financial transactions, authorities can mitigate the founding sources that sustain terrorist activities and safeguard National security
In conclusion, the NFA & disclosure sheds light on the evolving tactics employed by terror organizations to
finance their operations and the urgent need for enhanced cooperation between financial institutions, lawnmower went agencies, and regulatory bodies to counter this threat effectively. Through proactive measures and targeted interventions. Nigeria can fortify its defenses against temonem financing and uphold the integrity of it’s financial system
Source
THE NATION
