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ISWAP Moves N18bn Annual Revenue Through Nigeria’s Financial System –ECOWAS Body 

https://www.nairaland.com/6881418/iswap-moves-n18bn-annual-revenue#108224742

Outrage, anger, and disgust were some of the responses of security experts and civil society organisations (CSOs) at the weekend following a report by the Inter-governmental Action Group on Money Laundering in West Africa (GIABA) that the terror group, Islamic State’s West Africa Province (ISWAP) moved a whooping N18 billion annual revenue through the Nigerian financial system to fund its activities.

Nigeria’s federal government was criticised for its failure to track the movement of funds by the terrorist groups, Boko Haram and ISWAP, through the country’s financial system. This was despite the trial and conviction of terror sponsors from Nigeria by the United Arab Emirates (UAE) and Saudi Arabia, who also made available intelligence on the convicted terror financiers to Nigeria. The Nigerian government was alleged to have taken no action on the matter.

GIABA is a task force set up by the Economic Community of West African States (ECOWAS). The organisation is a specialised institution of ECOWAS responsible for strengthening the capacity of member states towards the prevention and control of money laundering and terrorist financing in the region.
The report estimated ISWAP’s revenues, which it put at $36 million (N18 billion) annually, to be larger than that of Boko Haram. It said much of the revenue came from trading activities and taxation in the Lake Chad region.

But reacting to the findings, security experts were miffed by the failure of the Nigerian government to leverage intelligence on terror financiers supplied by UAE and Saudi Arabia to try to track the circulation of the illicit funds.

Speaking on the GIABA report, Executive Director of the Rule of Law and Advocacy Centre (RULAAC), Mr. Okechukwu Nwangwuma, deplored the federal government’s failure to contain terror financing.

Nwangwuma said, “At a time that the Nigerian government has been in a frenzy embarking on various schemes to regulate the media and non-governmental organisations (NGOs), spending huge resources to purchase equipment to track information about human rights groups and activists with all the measures to track the resources coming to NGOs from international development partners, with all the financial and operational regulatory processes put in place and targeted at organisations involved in development work, it is no longer in doubt that government is obsessed with going after perceived opponents and critical media, while terrorists and their sponsors are allowed to freely transact business without being monitored and arrested.

“I do not know how I can avoid the conclusion that this government is intolerant of, sympathetic to, if not in complicity with, terrorists. People in, or connected to, government appear to be benefitting from the proceeds of terrorist activities.”

Nwangwuma added, “Look at the ease with which terrorists kidnap people in mass and demand and receive billions in ransom. There are people in high places, including in government, who are the sponsors and beneficiaries.”

In an interview with THISDAY, also, Assistant Regional Vice President, Region 11, ASIS International, one of the largest associations of security management professionals in the world, Dr. Kabiru Umar, said the report showed the inability of the country’s counterterrorism efforts to block funding avenues of the terror groups.

Umar stated, “A good testament to the authenticity of the GIABA report is the inability of Nigeria’s counter terrorism efforts to block the funding avenues of the terror groups operating in Nigeria, including ISWAP and JAS.

“The report alleged that ISWAP might have generated about N18 billion in Nigeria. That is huge and explains why the group is strong and able to exercise influence.”

The GIABA report also stated that the federal government failed to confiscate assets of terrorists as stipulated in the global anti-money laundering and counter-terrorist financing standards.

However, in his contribution, a former army spokesman, Brig. Gen. S. K Usman (rtd), said government had taken steps to address terror funding, but it was not providing adequate information on such steps.

Usman said, “I am not speaking for government, but I would say that some steps have been taken by government in that regard, for instance, the arrest of BDC operators.

“There is also a challenge of making available information on what government has done with countering terror financing.” Umar also acknowledged that though government had taken steps to address the issue of terror financing, gaps still remained.

He stated, “The report is, therefore, an independent assessment of how well Nigeria is faring with regards to its commitments to AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism). It has pointed out several positive achievements but several challenges as well. It is absolutely important that the entirety of MDAs study these report and heed its recommendation.

“From 2019 to date the Nigerian government has taken some steps that were recommended by the report, such as closer look at the financing of NGOs and of Bureau De Change operators.

“Some vital measures that remain a huge challenge is implementation of AML/CFT measures by some financial and banking institutions, who are a major risk factor within the industry but are yet to buy in.”

The report indicted intelligence and anti-graft agencies, notably, the Department of State Services (DSS) and the Nigerian Financial Intelligence Unit (NFIU) for the failure to trace and stop terror financing.

It said, “The Department of State Services, Nigeria’s lead counter-terrorism agency, has significant ability to identify and investigate TF activity. It conducts parallel financial investigations in conjunction with terrorism investigations. However, there is little evidence of the effectiveness of such efforts.

“The content of TF-related Suspicious Transactions Reports submitted to the NFIU (Nigerian Financial Intelligence Unit) has not been of demonstrable value, appearing to add little to Nigeria’s CFT (Combating the Financing of Terrorism) efforts.

“The agency maintained that Nigeria did not demonstrate effective legal and operational frameworks for seeking international cooperation, including for the recovery and repatriation of assets.”

In a chat with THISDAY, a senior military officer, who retired on the rank of major general, said government was not committed to halting terror funding. The retired senior officer, who spoke anonymously, queried the federal government’s failure to try the suspects arrested so far.

He stated, “What has government done? United Arab Emirates and Saudi Arabia arrested Boko Haram financiers, prosecuted them and jailed them; their accomplices are still here. About 400 BDC operators were arrested, the Attorney-General promised to prosecute them. What has happened?

“Some 1,000 insurgents were arrested after which government promised to try them in June. Are we still in June? There is simple a lack of commitment to do so.”

Former Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, had raised the alarm that some NGOs in the North-east were allegedly operating about 50 bank accounts each. Magu called on banks to provide the anti-graft agency with information on such organisations.

The GIABA report was adopted by the global financial intelligence agency, Financial Action Task Force, whose recommendations help authorities to go after the money of criminals dealing in illegal drugs, human trafficking and other crimes.

The report stated, “Boko Haram/ISWAP pose significant TF (Terrorist Financing) risks that are challenging to disrupt, operating in large part outside the formal financial and commercial system in the conflict zone.

“As with other forms of illicit financial activity, the pervasive use of cash enables these groups’ funding. A study estimated ISWAP’s revenues, deemed larger than Boko Haram’s, at up to USD$36 million annually, much of it from trading activity and taxation in the Lake Chad region.”

It added, “According to Nigerian authorities, both groups have also continued to mobilise, move and utilise funds through the formal financial and commercial system as well, accounting for a relatively small portion of TF activity. These groups also engage in international trafficking activities and as sworn adherents to the Islamic State, also have links with other regional and global terrorist networks.

“The authorities believe that any external support from ISIS Core may account for a small portion of ISWAP’s overall revenues. However, trade with broader criminal networks that could extend to regional jihadist organisations appears to generate significant income for both Boko Haram and ISWAP.”

https://www.arise.tv/outrage-as-ecowas-report-uncovers-iswaps-n18bn-terror-financing-network/

-1). "Why we cannot expose Boko Haram sponsors" - Nigerian Army.
https://www.google.com/amp/s/dailypost.ng/2020/07/02/why-we-cannot-expose-boko-haram-sponsors-nigerian-army/%3famp=1

"-2)..We can not expose BH sponsors" -EFCC
Why I Won’t Reveal Sponsors Of Boko Haram, Terrorism— Anti-graft Agency, EFCC Boss, Bawa
http://saharareporters.com/2021/09/17/why-i-won%E2%80%99t-reveal-sponsors-boko-haram-terrorism%E2%80%94-anti-graft-agency-efcc-boss-bawa

-3)."FG Not Interested In Naming, Shaming Terrorism Financiers." - Femi Adesina
https://www.thecable.ng/femi-adesina-fg-not-interested-in-naming-and-shaming-sponsors-of-terrorism-justice-will-be-served/amp

But when the UAE identified & exposed Nigerian BH terrorist sponsors based in that country, then the terrorist laden Buhari government said that the "Nigerians convicted for terrorism in UAE can appeal to Supreme Court" -FG
https://www.today.ng/news/nigeria/nidcom-nigerians-convicted-terrorism-uae-appeal-supreme-court-324671/amp

"The letter chronicles numerous terrorist activities that establishes the culpability of the Nigerian govt and her officials.  Some of those acts include providing funds to terrorists and terrorist organizations; providing material support including weapons and equipment to terrorists, actively and expressly encouraging and inciting terrorist activities. 

The United Arab Emirates on Monday designated six nigerians as financiers of BH & other criminal activities. Abdurrahaman Ado Musa, Salihu Yusuf Adamu, Bashir Ali Yusuf, Muhammed Ibrahim Isa, Ibrahim Ali Alhassan and Surajo Abubakar Muhammad were the six nigerians placed on the Middle-East giant’s watch list.

The decision came about a year after the Nigerians were indicted for sponsoring Boko Haram.The govt official has yet to be publicly identified by the Emirati authorities, amidst claims that some elements in the Nigerian government were mounting diplomatic pressure not to publish the name...."
https://gazettengr.com/just-in-uae-designates-six-nigerians-as-global-financiers-of-terrorism/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost.

All these simply affirms the long held conviction of sane Nigerians that the Buhari government is the terrorist and have terrorist sympathizers.Nigeria you are being governed by terrorists.

You don't expect terrorists to investigate or punish fellow terrorists because they all share the same ideological inspiration.

Nigeria’s federal government was criticised for its failure to track the movement of funds by the terrorist groups, Boko Haram and ISWAP, through the country’s financial system.

This was despite the trial and conviction of terror sponsors from Nigeria by the United Arab Emirates (UAE) and Saudi Arabia, who also made available intelligence on the convicted terror financiers to Nigeria. The Nigerian government was alleged to have taken no action on the matter.

United Arab Emirates and Saudi Arabia arrested Boko Haram financiers, prosecuted them and jailed them; their accomplices are still here. About 400 BDC operators were arrested, the Attorney-General promised to prosecute them.Some 1,000 insurgents were arrested after which government promised to try them in June. What has happened? There is simple a lack of commitment to do so.”

Naming sponsors of #EndSARS protesters, Sunday Igboho, Nnamdi Kanu are easy and done with pronto but when it comes to the govt sponsored terrorists, it is rocket science.

cc: Afamed, Helinues, Seunmsg, OmenkaLives, , ILOVEDEMMANNA, NgeneUkwenu

....Security experts were miffed by the failure of the Nigerian government to leverage intelligence on terror financiers supplied by UAE and Saudi Arabia to try to track the circulation of the illicit funds.

“The Department of State Services, Nigeria’s lead counter-terrorism agency, has significant ability to identify and investigate TF activity. It conducts parallel financial investigations in conjunction with terrorism investigations. However, there is little evidence of the effectiveness of such efforts.

“The content of TF-related Suspicious Transactions Reports submitted to the NFIU (Nigerian Financial Intelligence Unit) has not been of demonstrable value, appearing to add little to Nigeria’s CFT (Combating the Financing of Terrorism) efforts.

Same DSS that was breaking into revered judges Houses @ night in 2016 investigating financial fraud? Same CBN that was placing embargoes on accounts of #EndSARS protesters? Shame on this government, Lai Mohammed, Godwin Emefiele, DSS, NFIU, CBN, and military.

Damnnn niggar
Bubu is a disgrace

Watch them deny

Nah wah oooh!!

Racoon:
Previous thread:
ISWAP Moves N18bn Annual Revenue Through Nigeria’s Financial System –ECOWAS Body 

“I do not know how I can avoid the conclusion that this government is intolerant of, sympathetic to, if not in complicity with, terrorists. People in, or connected to, government appear to be benefiting from the proceeds of terrorist activities.”

We Know that our fraudulent terrorist of a government are behind the sponsorship of boko boys. One can imagine how fast the CBN was to track down sponsors of #Endsars, but turn a blind eye on sponsors of ISWAP. #nigeriangovernmentsponsorsISWAP

Racoon:

Usman said, “I am not speaking for government, but I would say that some steps have been taken by government in that regard, for instance, the arrest of BDC operators"

Who were the bureau de change sindicate if not Fulani? can you now see why Nigeria is in a mess?

I'm sure Nigeria politicians would deny this to any length.
They can sacrifice their children and nigerians towards the denial

Just imagine !
But it was quite easy to fish out sponsors of the end Sars protest.

Na them

There are so many terrorists in this Buhari's regime.

How can funds as huge as 18 Billion Naira be moved through Nigeria's financial system/network annually without the government being able to trace it, yet they are telling us that they have been able to trace those who are financing Igboho and Kanu.

This Government is terrorism itself.

Y'all still don't get it

I thought they already said this is not true days ago? For Gumi to still be walking free,it shows FG are the sponsor of these terrorist. Them just dey waste innocent security personnel lives for nothing.. Useless government..

Okay……they’re getting to know ……

C

bokoharam is in dss

Lol

Racoon:

"Major General Muhammadu Buhari has faulted the federal government’s clampdown on Boko Haram Islamic insurgents...."
https://www.google.com/amp/s/thenationonlineng.net/buhari-faults-clampdown-on-boko-haram-members/amp/

"The recent proscription of Boko Haram and Ansaru violates the Constitution." - Lai Mohammed (June 10, 2013, The Nation).

Lai Mohammed: Kidnapping, Banditry Not Federal Offences In Nigeria
https://dailypost.ng/2021/05/04/breaking-kidnapping-banditry-not-federal-offences-in-nigeria-buhari-govt/?amp&utm_term=Autofeed&utm_medium=Social&utm_source=Twitter&__twitter_impression=true

And now "Terrorists Now Use Walkie-talkie, We Can't Track Them - FG"
https://gazettengr.com/terrorists-now-use-walkie-talkie-we-cant-track-them-space-agency/

Nigerian soldiers not trained to fight bandits, Boko Haram: Chief of Defence
https://gazettengr.com/nigerian-soldiers-not-trained-to-fight-bandits-boko-haram-chief-of-defence/

It Is Not Our Duty To Unravel Boko Haram Sponsors – Military
https://thenationonlineng.net/it-is-not-our-duty-to-unravel-boko-haram-sponsors-military/

Why I Won’t Reveal Sponsors Of Boko Haram, Terrorism— EFCC Boss, Bawa
http://saharareporters.com/2021/09/17/why-i-won%E2%80%99t-reveal-sponsors-boko-haram-terrorism%E2%80%94-anti-graft-agency-efcc-boss-bawa

Racoon:

"...Boko Harm are mere scavengers desperate for food, raiding shops and markets, and killing innocent persons in the process......” -President Buhari
https://www.thecable.ng/buhari-describes-boko-haram-fighters-as-scavengers-desperate-for-food

"...An attack on Boko Haram is an attack against the North" - Muhammadu Buhari.

"....Bandits are innocent citizens doing their business, they only kidnap for ransom....." -El Rufai.

"..If you want to live in peace in your land with bandits, show them love and give them your land to settle down...." -Shiekh Gumi.

“Bandits have no flag. Bandits are simple criminals. Bandits have never said they don’t believe in Nigeria, they are just pure criminals....." -Lai Mohammed.

These are views being expressed, shared and highly supported by most northerners under this evil government.

“Oh God, give victory to the Taliban and to al-Qaeda"
“...jihad is an obligation for every single believer, especially in Nigeria."-Pantami

Also speaking after the death of the notorious Al-Qaeda leader, Isa Pantami said,

“..May God have mercy on Ahmad Fadeel al-Khalayleh "

Source: https://en.m.wikipedia.org/wiki/Isa_Ali_Pantami

TERRORIST GOVERNMENT

Messed up country

Ogun kill everybody turning Nigeria into a terrorist country.

I have said it before, these are Names of Top 6 Terrorists in Nigeria

1. Buhari (Chief Terrorist)
2. Malami (Principal Terrorist)
3. Pantami (Senior Terrorist)
4. Gumi (Terrorist I)
5. Alhaji Lai (Terrorist II)
6. Hell-Rufai (Terrorist III)


This is exactly why we are yet to be completely rid of Terrorism, Dogs don't eat dog


7. Femi Adesina
8. Godwin Emefiele

The last 2 names are accomplices who, because of crumbs of bread, fail to call out their evil master, Buhari

How did we even get here?

Don't y'all know that Allah will punish Buhari if he fight his fighters?

Buhari will not fight ISWAP or Boko Haram because they are fighting for Allah who can deny Buhari his 7 virgins after death.

The bag 7 virgins must be secured

Gumi and Co are catching out massively.
Until 2015,dss are revered people, they work under cover and discreetly..
But since this chief terrorist came in, even amotekun or vigilante are discreet than they are...
I don't know for how long we can endure this government but we will surely overcome that is if hunger never kill people finish

Aiding and abbeting terrorism...

We need a president from the south urgently.