NewStats: 3,263,655 , 8,180,915 topics. Date: Saturday, 07 June 2025 at 05:34 AM 2r713e

The Nigerian Financial Intelligence Unit has exposed the alleged funding of terrorist activities in Nigeria by the Indigenous People of Biafra, bandits, and other terror groups through global crowdfunding and on sports betting platforms.

The financial intelligence unit revealed how IPOB received funds through s in 22 countries that have ed at least 27 entities under the group’s name.

The NFIU noted that seven of the registrations were made in the United States, while six were in the United Kingdom.

It added that over $160,000 raised by IPOB through crowd-funding was funnelled to transmission, media and broadcasting companies in Bulgaria, South Africa, and the UK.

It added that “The analysis further indicates that the group (IPOB) has several bank s in different countries where funds are being received from various contributors with the narrations ‘monthly dues, services and for ESN,’ among others, then later disbursed for various operations.”

Details of the development were revealed in a newsletter by the NFIU’s Counter-Financing of Terrorism Department obtained by our correspondent on Tuesday.

It added, “The analysis profiled the leader of the group, his addresses and mobile numbers abroad, with other 53 other individuals associated with the dissident group. The report was forwarded to law enforcement for further investigation.”

The NFIU further revealed that a betting platform simply identified as ‘XC’, filed a suspicious transaction report on a 24-year Nigerian customer from North-Central, Nigeria.

“This 24-year-old from Nigeria’s North-Central region received over N350,000 in his betting wallet, believed to be ransom money from a kidnapping,” the NFIU said.

In another case, the financial intelligence unit exposed a terrorist attempting to evade being detected; it noted that the individual made structured cash withdrawals from different Automated Teller Machines and purchased flight tickets to high-risk areas using credit cards.

The NFIU explained that whenever the individual exceeded his withdrawal limit, he would adopt alternative methods of travel.

“The terrorist then attempted suspicious transfers exceeding €1,000 to a local charity with potential links to terrorism. These transactions, along with others for luxury goods and escort services, raised red flags,” the newsletter stated

The NFIU further urged law enforcement agencies to investigate transactions by individuals linked to known terrorists or financiers; unauthorised tax collection or forced donations in terrorism-prone areas, and Bureau de Change operators facilitating transfers within suspected networks.

Other areas the unit wants security agencies to beam their searchlights are multiple cash deposits in bank s; Point of Sale operators receiving large deposits followed by cash withdrawals; money transfers from Nigeria to high-risk countries; recruitment of individuals to open multiple bank s; and financial transfers to charities linked to terrorism.

https://punchng.com/ipob-bandits-funding-terrorism-through-crowdfunding-betting-platforms-nfiu/

The NFIU further urged law enforcement agencies to investigate transactions by individuals linked to known terrorists or financiers; unauthorised tax collection or forced donations in terrorism-prone areas, and Bureau de Change operators facilitating transfers within suspected networks.

The Nigerian Financial Intelligence Unit (NFIU) is one of the most underrated of all these agencies in the financial intelligence circle.

Most people can easily point to EFCC, NDIC, CBN,IC etc but hardly do they that most of the credit for tracking and flagging suspicious transactions goes to the NFIU. NFIU must monitor all the funds moved through all crypto transactions that emanate from or terminate in Nigeria

The proliferation of online betting platforms is particularly alarming. Going by this report then NFIU is really trying a lot to catch these guys.

May God bless Nigeria for ever! Check my signature for free stuffs!

Have you ever seen any relevant world body investigating or proscribing IPOB as terrorists? Only in Nigeria.

FreeStuffsNG:
The NFIU further urged law enforcement agencies to investigate transactions by individuals linked to known terrorists or financiers; unauthorised tax collection or forced donations in terrorism-prone areas, and Bureau de Change operators facilitating transfers within suspected networks.

The Nigerian Financial Intelligence Unit (NFIU) is one of the most underrated of all these agencies in the financial intelligence circle.

Most people can easily point to EFCC, NDIC, CBN,IC etc but hardly do they that most of the credit for tracking and flagging suspicious transactions goes to the NFIU.

May God bless Nigeria for ever! Check my signature for free stuffs!

You like deceiving yourself. Accidental lover of NIGERIA.

Where was NFUI when a huge cache of hard drugs entered NIGERIA and warehoused in Lagos?

Did they track the transaction? Even after the so called owners of the warehouse were caught, what's the latest report on the matter? Who and who financed such huge purchase worth billions?

Racoon:
Have you ever seen any relevant world body investigating or proscribing IPOB as terrorists? Only in Nigeria.

Dey play.

, where Senator Ekweremadu was striped naked in public glare by of the proscribed group, arrested, prosecuted and deported a lot!

And here's Ohaneze calling on Finland to deport a factional leader of the proscribed group who believes he's the authentic leader.

All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria for ever!

FreeStuffsNG:
Dey play. deported a lot!

UK, EU, commonwealth nations, UNGA etc which of them have you ever heard is investigating or proscribed IPOB as a terrorist organisation? Meanwhile, your country's government is granting bandits and BH terrorists amnesty who they see as freedom fighters right? However Sunday Igboho and Nnamdi Kanu are terrorists right? Nah una dey play

They should better leave our betting platforms alone ooh... That is the hope of the common man now in this country...

I need a one-on one, face to face intense [/s]discussion[s] duel with Mr Frederick John Lugard

why is Nigeria secret institution Ridiculling themselves with cheap and funny 🤣 propaganda

Sporty Bet wey dey give people joy. Una wan touch am again?

Of course.

Trashy post....
As always.

As usual chasing rats and leaving the ELEPHANT CULPRITS, the videos of Bandits we saw today on uniforms, with weapons and flaunting money is not a priority.

So South west lagbaja didn't see Bandits showing off ransom and heavy artilleries..

So he can chant: The Audacity


Useless fools

This useless FG about to ban betting app laidis

Racoon:
Have you ever seen any relevant world body investigating or proscribing IPOB as terrorists? Only in Nigeria.

Call a spade a spade.
No matter ya grouse with FG, those doing illegal stuffs ll be illegal.
I advise that Obi come back stronger in 2027.

donbrowser:
Sporty Bet wey dey give people joy. Una wan touch am again?

hahahah 🤣🤣🤣🤣🤣

NFIU just look across the street. Shettima is right there

Uhm

Nigeria government the most confused government in the world.

Government don come o....they should nit near or touch betting platform ooo......nothing betting platform do una ooo!

E go reach everybody

Betting is their next target, they have quenched crypto now it's sports betting turn.

APC just want to impoverish everybody so that they will be able to bribe the masses with a spoon of rice to keep voting them.

Bastards!

How is terrorism funded with betting for Pete's sake?