The federal government said that analysis by the Nigerian Intelligence Unit (NFIU) between 2020 and 2021, has revealed 96 financiers of terrorism in Nigeria.
The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this in Abuja on Thursday, while presenting details of President Muhammadu Buhari’s fight against corruption and terrorism, also said 424 associates of the financiers of terrorists, about 123 companies and 33 bureaux de-change, as well as 26 sponsors of bandits/kidnappers and seven co-conspirators have been identified.
He also stated that the analysis by the NFIU has resulted in the arrest of 45 suspects, who will soon face prosecution and seizure of assets.
The minister said, from its analysis of tax evasion and tax avoidance linked to corruption, NFIU has identified N3.90trillion VAT and N3.7trillion in Withholding Tax due to the government.
Mohammed said, ‘’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’’,
The minister explained that the federal government has deployed a plethora of tools, including the Money Laundering Act, 2004; the EFCC Act, 2004; the ICPC Act, 2000; the Department of State Services (DSS) and the NFIU to deal with the issue of corruption, money laundering and terror financing”.
