Terrorist financing: EFCC caution Army, NGOs on cash movements in North-east

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By Robert AKPAN, Senior Investigator Reporter, Lagos.

TO forestall money wrongly falling into the hands of Boko Haram insurgents by way of financing their notoriety, the acting chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has cautioned the Nigerian Army and several Non-Governmental Organization NGOs operating in the North-east of Nigeria to always seek and get clearance from the Commission before movement of any cash in the zone.  The warning is coming on the heels of rife speculations that monies were being funneled to the Islamic fundamentalists via the Army and NGOs. The EFCC Helmsman spoke through the  Zonal Head, EFCC Maiduguri Zonal office, Lawrence Iwodi when he paid a courtesy visit to the Theatre Commander of the operation Lafiya Dole of the Nigerian Army at the Maimalari Barrack, Maiduguri, Major General Olusegun Adeniyi. According to him, the measure was aimed at check terrorist financing in the region. I wodi who commended the Nigerian military especially, the Army in the fight against insurgency disclosed that the Commission has been keeping an eye on the activities of persons and groups serving as humanitarian or aid workers within this region adding, “We have successfully compiled the list of all the Non- governmental organizations operating in Borno and Yobe States; also their financial activities are monitored by the EFCC, especially, on the movement of cash.”
Continuing, Iwodi said, EFCC has been monitoring undeclared cash above N1million (One M illion Naira), by individuals and organizations in Borno and Yobe states. We are aware  that the Federal Airport Authority of Nigeria, FAAN  has also ensured that such cash movements are reported; that is why were urging the Nigerian Army to as a matter of urgency ensure that any humanitarian aid organizations moving or distributing cash to beneficiaries obtained clearance from the EFCC, before doing that. It is therefore, mandatory for any person or group moving cash especially, in areas seriously affected by the insurgency must notify the EFCC before doing so.”
Reacting, Major General  Adeniyi who said the EFCC was on point agrees to toe the line of the Commission saying  the Command under his watch would not compromise its integrity by allowing movement of undeclared cash in the area.


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