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United Nations' Report discloses Boko Haram's Source of Funds

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  • United Nations' Report discloses Boko Haram's Source of Funds

    United Nations' Report discloses Boko Haram's Source of Funds

    A United Nations report has disclosed how Boko Haram is funded and according to the report, the predominance of the cash economy is a major factor encouraging the nefarious activities of the terroeist group in the Lake Chad Basin region.

    The report said: “Meanwhile, Boko Haram (QDe.138) and the Islamic State West Africa Province (ISWAP) have had a similar impact in their areas of control, including the Lake Chad basin.

    “The predominance in the region of the cash economy, without controls, is conducive to terrorist groups funded by extortion, charitable donations, smuggling, remittances and kidnapping.

    “In Nigeria, 111 schoolgirls from the town of Dapchi were kidnapped on 18 February 2018 and released by ISWAP on 21 March 2018 in exchange for a large ransom payment.”

    The rest of the report can be downloaded from the link below.
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