Where does Boko Haram get its funding?

Where does Boko Haram get its funding?

Boko Haram was one of the major beneficiaries. A recent United Nations report revealed that insurgents’ activities are nowadays funded through multiple sources which include extortions, taxes, ‘protection fees’, bank robberies, charitable donations, smuggling, foreign remittances and kidnapping.

How do terrorists get funding?

Sources of terrorist funding include, but are not limited to, low-level fraud, kidnapping for ransom, the misuse of non-profit organizations, the illicit trade in commodities (such as oil, charcoal, diamonds, gold and the narcotic “captagon”), and digital currencies.

Who are those behind Boko Haram?

Mohammed Yusuf founded the sect that became known as Boko Haram in 2002 in Maiduguri, the capital of the north-eastern state of Borno. He established a religious complex and school that attracted poor Muslim families from across Nigeria and neighbouring countries.

Does the UAE fund terrorism?

Although terrorist attacks are rare, the UAE has been listed as a place used by investors to raise funds to support militants in Afghanistan, Pakistan, and the financing of the September 11 attacks. Businesses based in the UAE have been implicated in the funding of the Taliban and the Haqqani network.

What does Boko Haram do?

Boko Haram is an Islamic sect that believes northern politics has been seized by a group of corrupt, false Muslims. It wants to wage a war against them, and the Federal Republic of Nigeria generally, to create a “pure” Islamic state ruled by sharia law.

Who is David Hundeyin?

Award-winning journalist, writer, analyst and researcher with a background in Marketing, Media Production, Politics and Business Consulting. My work has appeared on global platforms including CNN, The New Yorker Magazine, The Africa Report, Business Day and Netflix.

What is reverse laundering?

Reverse money laundering is a process that disguises a legitimate source of funds that are to be used for illegal purposes.

Is UAE with Taliban?

The UAE has maintained ties with the Taliban too, according to two of the diplomats. They said the country had been home to some members of the group in recent years, including Sher Mohammad Abbas Stanikzai, who they added lived in the Sharjah emirate with his family from at least 2013.

Does the UAE have a military?

There is one unified military structure across the UAE. The military forces consist of an Army, Navy, Airforce, and the Presidential Guard (PG) Special forces.