Just In: Nigerian Army Mentions When Terrorism Financiers in Nigeria Will Be Exposed

Just In: Nigerian Army Mentions When Terrorism Financiers in Nigeria Will Be Exposed

  • Chief of Defence Staff, General Christopher Musa, said the process of identifying and prosecuting terrorism financiers in Nigeria is ongoing, citing legal and international complexities
  • He furthered disclosed that some financiers operate locally and abroad, with daily funds tracked by security agencies, while commending the NFIU for uncovering some financial networks
  • Security agencies are also probing Nigerian politicians allegedly funding insecurity; terrorism persists across the North-east and North-west, causing deaths and displacement

Nigeria’s Chief of Defence Staff, General Christopher Musa, has disclosed that the process of identifying and prosecuting terrorism financiers in the country is ongoing.

The Nigerian Army disclosed the timeline for revealing the identities of terrorism financiers in Nigeria.
The Nigerian Army announced when the individuals funding terrorism in Nigeria would be named. Photo credit: @NigerianArmy
Source: Facebook

Speaking on Thursday night, August `21, during an appearance on Channels TV’s Politics Today, General Musa explained that the delay in naming these financiers is largely due to legal complexities and international links.

“I think the process is on. The delay is because it has to do with a lot of legal issues and because some of them have funds coming from outside. We cannot act on those from within. We know them,” he said.

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Local and foreign financiers under scrutiny

General Musa added that some financiers operate within Nigeria, using individuals and motorcycles to remit funds daily into various accounts.

“The local ones normally employ a few individuals, provide motorcycles for them, and those are remitting funds daily into some accounts. So, it’s being tracked. They try to circulate those monies and that’s why we need to track the funds,” he explained.

NFIU hailed for tracking financial links

The Defence Chief commended the Nigerian Financial Intelligence Unit (NFIU) for its efforts in exposing financial networks supporting terrorism.

“The NFIU has been doing so much. Apart from the intelligence setup, financial links are also being followed, and arrests have been made. I can assure you the Attorney-General of the Federation, Lateef Fagbemi, and the National Security Adviser, Nuhu Ribadu, are all working seriously to ensure we address these issues,” he said.

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Political actors financing insecurity

General Musa further revealed that other security agencies, including the State Security Services and the National Intelligence Agency, are investigating Nigerian politicians who allegedly fund insecurity for personal gain.

“Criminals work together. Bandits and terrorists synergise their efforts because they want to make money and ensure communities are suffering,” he noted.

When asked whether political actors behind terrorism had been identified, General Musa responded: “Work is in progress.”

Nigeria’s fight against terrorism continues

Nigerian Army pledges to combat terrorism nationwide.
Nigerian Army vows to intensify fight against terrorism. Photo credit: @NigerianArmy
Source: Twitter

Nigeria continues to grapple with terrorist attacks across regions, particularly in the North-east and North-west.

While Boko Haram remains active in the North-east, the North-west, especially Zamfara state, has been plagued by bandit attacks, resulting in hundreds of deaths and the displacement of thousands of residents.

ADC chieftain urges military to expose terrorism financiers

David Itopa, a chieftain of the African Democratic Congress (ADC), has called on the Nigerian military to move beyond “mere propaganda” and take decisive action against terrorism financiers.

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Speaking with Legit.ng on Sunday, August 24, Itopa urged the military to publish the names of sponsors, prosecute them without delay, and prioritise saving the lives of ordinary Nigerians.

“The time for half-measures is over. If the military truly knows the financiers, then it must mention names, prosecute them, and stop issuing vague statements while innocent citizens continue to die,” he said.

2027 elections the reason for increased killings - CDS

Previously, Legit.ng reported that the Chief of Defence Staff, General Christopher Musa, linked the recent surge in killings and bandit attacks across Nigeria to political manoeuvring ahead of the 2027 general elections.

The Defence Chief said some politicians were deliberately fuelling insecurity to discredit the government.

Source: Legit.ng

Authors:
Ezra Ukanwa avatar

Ezra Ukanwa (Politics and Current Affairs Editor) Ezra Ukanwa is a Reuters-certified journalist with over 5 years of professional experience. He holds a Bachelor of Science in Mass Communication from Anchor University, Lagos. Currently, he is the Politics and Current Affairs Editor at Legit.ng, where he brings his expertise to provide incisive, impactful coverage of national events. Ezra was recognized as Best Campus Journalist at the Anchor University Communications Awards in 2019 and is also a Fellow of the Nigerian Institute of Management (NIM). Contact him at: ezra.ukanwa@corp.legit.ng or +2349036989944