Cash economy encouraging Boko Haram activities – UN | Nigeria News Today. Your online Nigerian Newspaper f

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The predominance of the cash economy is a major factor encouraging the nefarious activities of the Boko Haram and other terrorist groups in the Lake Chad Basin region, a UN report has revealed.


This was contained in the 22nd Report of the Analytical Support and Sanctions Monitoring Team, pursuant to resolution 2368 (2017) concerning Islamic State in Iraq and the Levant – ISIL – (Da’esh), Al-Qaida and associated individuals and entities.

The report was submitted to the Security Council Committee pursuant to resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da’esh), Al-Qaida and associated individuals, groups, undertakings and entities.

The UN said the number of doctrinally based non-governmental organisations sending funds to local terrorist groups was growing, and Member States were concerned that radicalisation was increasing the threat level in the Sahel.

The report said, “Meanwhile, Boko Haram (QDe.138) and the Islamic State West Africa Province (ISWAP) have had a similar impact in their areas of control, including the Lake Chad basin.

“The predominance in the region of the cash economy, without controls, is conducive to terrorist groups funded by extortion, charitable donations, smuggling, remittances and kidnapping.

“In Nigeria, 111 schoolgirls from the town of Dapchi were kidnapped on 18 February 2018 and released by ISWAP on 21 March 2018 in exchange for a large ransom payment,” the report stated.

The report was signed by Edmund Fitton-Brown, Coordinator, Analytical Support and Sanctions Monitoring Team, who said the report was “comprehensive and independent”, and Kairat Umarov, Chair, Security Council Committee.

The UN Security Council committee on al Qaeda sanctions blacklisted and imposed sanctions on the Islamist militant group Boko Haram in 2014 after the insurgents kidnapped more than 200 Chibok schoolgirls.

The designation, which came into effect after no objections were raised by the Security Council’s 15 members, subjected Boko Haram to UN sanctions, including an arms embargo, asset freeze and travel ban.

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