Boko Haram Spends N2bn Yearly To Sponsor Attacks
The United Nations has reported that the Boko Haram sect spends as high as N2 billion to carry out terrorists attacks just as the Senegalese authorities have arrested two suspected Boko Haram female members with 500 million CFA (about N164 million) cash. Deputy Director of Assessment and Technical Assistance for the UN Counter-terrorism Committee, Hassan Baage, told a gathering of West African Security experts in Dakar, Senegal, that the extremist sect’s annual budget was believed to be up to $10 million. The Associated Press (AP) which covered the Dakar event quoted the UN official as calling for closer scrutiny of the financing of extremist groups, including Boko Haram. “We must detect the flow of money that finances their activities and measures must be implemented to freeze the funds. According to reports that we’ve consulted, the budget of Boko Haram is around $10 million per year,” Baage said. ...