cover

BREAKING: FG uncovers 123 Companies, 33 BDCs funding Terrorism in Nigeria

 

The Nigerian Government has disclosed that a total of 123 companies, 33 Bureau-De-Changes and 96 individuals have been linked to terrorism financing in the country.

The Country’s Minister of Information and Culture, Lai Mohammed disclosed this in a statement sent to POLITICS NIGERIA on Thursday morning.

The controversial minister revealed that the suspects were uncovered by the Nigerian Financial Intelligence Unit. In his words: “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 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. 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.”

 

Oluwasegun Adesuyi

Recent Posts

Peter Obi, Atiku had nothing to offer -Doyin Okupe …says 2023 election was not rigged

Peter Obi, Atiku had nothing to offer -Doyin Okupe ...says 2023 election was not rigged…

22 hours ago

Access Bank Named Only Nigerian Company on Forbes 2024 World’s Best Employers List

Access Bank Named Only Nigerian Company on Forbes 2024 World’s Best Employers List   In…

2 days ago

Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support To Ailing Journalists Others

Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support…

2 days ago

ZENITH BANK HOLDS TECH FAIR, ‘FUTURE FORWARD 4.0’, IN LAGOS

ZENITH BANK HOLDS TECH FAIR, ‘FUTURE FORWARD 4.0’, IN LAGOS The Fourth Edition of the…

2 days ago

How Sports Can Help Boost Nigeria’s Greatness – Obasa

How Sports Can Help Boost Nigeria's Greatness - Obasa - commissioner says govt passionate about…

4 days ago

Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence

Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence In a strategic move to…

5 days ago