POLITICS – Current report disclosed that the United Nations (UN) has revealed that cash economy is a major factor fuelling the nefarious activities of the Boko Haram and other terrorist groups in the Lake Chad Basin region.
According to report 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.
UN said: “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 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.
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