The Nigerian Financial Intelligence Unit (NFIU) has mapped a sprawling web of individuals and companies feeding Boko Haram, tracing funds through 1,801 accounts at 18 banks.
The report flags 96 suspects—58 of them in Kano—and shows links to both local kidnappers and overseas affiliates in the UAE, Dubai, India and several African countries. It also notes that six Nigerians were previously sanctioned by the U.S. for running a Boko Haram fundraising cell in the United Arab Emirates ¹ ² ³.
The investigation highlights how the group exploits formal banking channels, cross‑border transactions and a range of businesses—from trading firms to bureau‑de‑change outlets—to move money and sustain operations. Law‑enforcement agencies say the findings provide a critical roadmap for disrupting the financial lifelines that keep the insurgency alive.
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