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NFIU reveals terrorists exploit deceased accounts for funding operations

New financial intelligence shows terrorists are using crowdfunding and deceased accounts to fund activities, while political tensions rise ahead of the 2027 elections.

NigerianNewsFeed NewsDesk
By NigerianNewsFeed NewsDesk Admin
@nigerianewsfeed · · 7 min read
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NFIU reveals terrorists exploit deceased accounts for funding operations
Photo: Punch Newspapers

In a startling revelation, the Nigeria Financial Intelligence Unit (NFIU) disclosed that terrorists are manipulating crowdfunding networks and exploiting accounts linked to deceased individuals to finance their operations. This alarming trend highlights the evolving tactics of terrorist groups in Nigeria, as they increasingly rely on unconventional methods to raise and transfer funds.

The NFIU's report indicates that foreign facilitators are soliciting donations through social media platforms, often under the guise of humanitarian or educational initiatives. Contributions typically range from $50 to $500, which are then fragmented and transferred through various channels, including money-transfer operators and remittance applications. The agency noted that unsuspecting individuals, such as students and small-business owners, are being used as money mules, while women’s accounts are frequently exploited to mask the identities of male operatives.

In a related political landscape, the upcoming 2027 presidential elections are generating significant discourse, particularly regarding national security and economic policies. Prominent candidates, including Peter Obi, Rotimi Amaechi, and Donald Duke, recently expressed divergent views on these critical issues during a conference in Port Harcourt. Obi emphasized the need for a comprehensive overhaul of Nigeria's security strategy, linking insecurity to poverty and unemployment. In contrast, Amaechi advocated for economic empowerment as a means to combat crime, underscoring the importance of creating a robust economy that benefits the populace.

Duke, on the other hand, dismissed the notion of a fuel subsidy, stating, "You can’t remove what doesn’t exist," while Omoyele Sowore voiced his intention to retain the subsidy to support low-income Nigerians.

Meanwhile, the United States has intensified its military cooperation with Nigeria, conducting training sessions for Nigerian troops on various military operations, including unmanned aircraft systems and combat casualty care. These exercises, taking place in Bauchi, aim to bolster the capabilities of Nigerian forces and enhance bilateral relations.

In Ogun State, the selection process for a new Awujale has been halted due to legal disputes, with the Fusengbuwa Ruling House suing the state government and kingmakers. The ruling house seeks to compel the completion of the selection process, asserting that police interference and government actions have unjustly stalled their efforts.

Lastly, political tensions are mounting in Oyo State following the Federal Government's flag-off of the N297 billion reconstruction of the Ibadan-Ijebu-Ode Road. This event was marred by protests from the Oyo State Government, which criticized the exclusion of Governor Seyi Makinde from the ceremony. The Federal Government, represented by Ogun Governor Dapo Abiodun, emphasized the project’s significance for economic connectivity between the two states, despite the ongoing political discord.

As these developments unfold, they underscore the intricate interplay of security, politics, and infrastructure in Nigeria, shaping the landscape as the nation approaches the pivotal 2027 elections.

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