A recent UN report has published sources of funding for the West African terrorist group Boko Haram. The area’s cash economy has allowed the group to finance its operations through extortion, charitable donations, smuggling, remittances, and kidnapping, allowing the group to continue their insurgency in Northern Nigeria and beyond. The ongoing conflict has resulted in over an estimated 100,000 deaths. Sanctions and standard financial tracking are difficult in the area as the group, and the area in which they operate, rely mostly on cash.
Source: How Boko Haram is funded – UN – Premium Times Nigeria
