TimeTestedNews ||How crowdfunding, sports betting are used to finance terrorism – NFIU

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The Nigerian Financial Intelligence Unit (NFIU) has uncovered how global crowdfunding and sports betting platforms are used in funding terrorist organisations in Nigeria such as the outlawed Indigenous People of Biafra (IPOB), Boko Haram, ISWAP, bandits and other terror groups.

The NFIU, in a newsletter, said terrorist groups receive funds through crowdfunding, online transactions, and betting platforms.

The financial intelligence unit said it has identified a “network of affiliates of the Indigenous People of Biafra (IPOB) across 22 countries” through a report it received.

 It also revealed how IPOB received funds through affiliates in 22 countries that have registered at least 27 entities under the group’s name.

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