To curb terrorism financing, Nigeria must beam its searchlight on the activities of Non-Governmental Organisations (NGOs), Ibrahim Magu, Acting Chairman, Economic and Financial Crimes Commission (EFCC) has said.
The EFCC boss spoke Tuesday at a retreat for newly elected governors organised by the Nigerian Governors Forum in Abuja. He made a lead presentation on the fight against corruption.
Mr Magu urged Nigerian governors to focus attention on NGOs, “because they are the arm that strengthens these bandits.”
In its report last year, the UN said the number of doctrinally based NGOs sending funds to local terrorist groups was growing.
The report also identified extortion, charitable donations, smuggling, remittances and kidnapping as parts of ways Boko Haram and other terrorist groups in the Lake Chad Basin region are funded.
Mr Magu noted that some NGOs are the major source of fund for terrorist organisations.
He said the anti-graft agency intercepted about N45 million from an NGO two weeks ago.
“We discovered that there is a lot of corruption and illicit financial flow in their operations,” he said.
After a bill to regulate NGOs failed in the National Assembly, there are massive reports on how the government was planning to profile NGOs.
The profiling, the federal government said, was to ensure compliance with regulations against money laundering and terrorist financing.
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