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NFIU uncovers how terrorist financiers use women’s bank accounts, crowdfunding in operations

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Terrorist financiers are opening bank accounts in women’s names and secretly using them to move illicit funds, according to the Nigerian Financial Intelligence Unit (NFIU).

NFIU, in its recently released 2025 Annual Report, stated that the tactic was among the emerging terrorist-financing methods identified in its analysis of financial crime trends for 2025.

It said terrorists’ male commanders and logistics managers secretly control accounts opened in the names of wives, sisters and female associates.

“Terrorist financiers are opening bank accounts in women’s names while male commanders and logistics managers secretly control them.

“They exploit cultural norms that make women less likely to be suspected by authorities, using wives, sisters, or female associates as fronts to distance illicit funds from the true operatives,” the report stated.

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Some of the women whose accounts were used may have remained unaware of the transactions and the volume of funds moving through their accounts, the report revealed.

It also identified disconnected phone registration as another method used by terrorist facilitators.

The Unit described the practice as identity laundering, saying the men may possess the ATM cards, mobile-banking credentials and PINs associated with the accounts.

“This tactic functions as identity laundering: women’s accounts are managed by men who hold ATM cards, mobile-banking credentials, and PINs, while the women often remain unaware of the transactions and volumes,” it said.

Phone numbers

According to the report, facilitators use phone numbers for mobile banking or account alerts that are not registered to the actual account holder or beneficiary.

The Unit said pre-registered SIM cards, SIMs registered to deceased persons and SIMs connected to gender-based proxies could be used to break the link between the phone number and the actual beneficiary, making it more difficult for investigators to trace the transactions.

“They bypass the security link between SIM cards and Bank Verification Numbers (BVNs) by using pre-registered SIMs, SIMs registered to deceased people, or SIMs tied to gender-based proxies.

“This severs the audit trail: when a transaction is flagged, investigators trace the phone to an unrelated person, letting the real facilitator stay anonymous and continue operations,” NFIU stated.

Coded transaction descriptions

NFIU also said terrorist cells, particularly those linked to the Islamic State West Africa Province (ISWAP), use detailed transaction narrations as part of their internal financial accounting.

It said the groups use precise descriptions for logistics-related payments sent from a single source to multiple recipients.

The report said the apparently detailed narrations could create an internal audit trail for the terrorist organisation, even though they appear counterintuitive from a financial-monitoring perspective.

The Unit further identified the use of coded messages in transaction descriptions, saying facilitators use innocuous words, secret codes and alphanumeric strings, sometimes switching languages, to avoid automated filters that could flag terms associated with terrorism.

NFIU said the tactic obscures the purpose of transfers and can allow terrorist financing to continue.

“Facilitators use this coded language, often switching languages to evade banks’ automated keyword filters that flag terms like ‘Jihad,’ ‘Arms,’ or ‘Boko.’

“This practice obscures the true purpose of transfers, preventing detection and enabling continued financing,” the Unit revealed.

Crowdfunding, remittance apps

NFIU also documented a four-stage crowdfunding network through which terrorist funds could be collected and moved to Nigeria.

It said a foreign-based facilitator could launch social-media campaigns presented as humanitarian relief or educational support, directing donors to payment pages or bank accounts.

According to the report, hundreds of sympathisers could make relatively small donations, which NFIU said were less likely to trigger automated anti-money-laundering alerts.

“Hundreds of sympathizer donors contribute $50–$500 each, amounts small enough to avoid most automated AML alerts,” it said.

The funds would then be consolidated in a master account before being split into smaller payments and transferred through international money-transfer operators and remittance applications to a network of Nigerian money mules.

NFIU said students, small-business owners and relatives could be used as money mules in the process.

It added that the recipients could convert the funds to cash, purchase dual-use items or transfer the money through mobile banking to logistics managers and field operatives.

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Police, military neutralise terrorists, recover rifles, ammunition, motorcycles in Kebbi

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Items recovered by the Nigerian Police
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The Kebbi Police Command, in collaboration with the military, has neutralised some suspected terrorists and recovered rifles, ammunition, motorcycles, and other items during a clearance operation in Gumki Forest, Kangiwa.

The Police Public Relations Officer (PPRO), SP Bashir Usman, disclosed this in a statement issued on Monday in Birnin Kebbi.

He said the operation was conducted at about 6:05 a.m. on Monday, adding that Gumki Forest, Arewa Local Government Area, was a known route used by bandits and Lakurawa elements operating in the area.

He said the joint security team successfully engaged the terrorists during the operation and neutralised some of them.

According to him, the operation also led to the recovery of one PKT rifle with 174 rounds of live ammunition and one AK-47 rifle with 14 rounds of live ammunition.

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Other items recovered, he said, included a pair of military camouflage uniforms, a pair of boots, two mobile phones, charms, and four motorcycles.

“The area remains relatively calm, while joint operations are ongoing to further clear the area and rid the state of criminal elements,” he said.

Usman quoted the Commissioner of Police, CP Umar Hadejia, as commending the operatives for their gallantry and dedication to duty.

Hadejia reiterated the command’s commitment to sustaining coordinated and intelligence-led operations with other security agencies to counter banditry, terrorism, and other forms of criminality in the state.

He also urged members of the public to continue providing timely and credible information to security agencies to support ongoing efforts to safeguard lives and property.

The commissioner assured residents of the command’s determination to work with other security agencies to maintain peace and security across the state. (NAN)

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Youths set APC offices ablaze, block highways

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Youths in Tambuwal Local Government Area of Sokoto State have reportedly attacked and set fire to some offices belonging to the All Progressives Congress (APC) amid growing anger over insecurity and worsening economic conditions.

The youths reportedly took to the streets to protest the security challenges affecting communities in the area, as well as the rising cost of living and other difficulties facing residents.

During the protest, some APC offices were vandalised and reportedly set ablaze, while major roads were blocked, disrupting the movement of motorists and other road users.

Video footage from the incident showed a large crowd of youths gathered on a major road, with some of them involved in the destruction of properties.

The development has raised concerns over the growing frustration among residents in parts of Sokoto State, particularly communities affected by attacks and other criminal activities.

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The protest came shortly after reports of renewed threats by terrorists operating in neighbouring Zamfara State.

Residents of Talata Mafara Local Government Area had reportedly been given a seven-day deadline by terrorists to provide ₦50 million, 50 cattle and 50 sheep or risk another attack.

The terrorists reportedly entered an open market in the area and issued the demands to residents. The threat followed several attacks allegedly carried out by the group against communities in the area.

Residents had blamed the repeated attacks on what they described as inadequate action by the government and security agencies.

According to residents, the terrorists had previously attacked communities, taken over farmlands and rustled cattle belonging to villagers without facing enough resistance from security forces.

The latest threat has therefore caused renewed fear among residents, who said the attackers had become increasingly bold in their activities.

The situation is also linked to a deadly attack on communities in Sauna Ward, Talata Mafara, in July.

Terrorists reportedly killed 22 farmers who were working on their farmlands during the attack.

The attackers were said to have travelled in large numbers on motorcycles after crossing the Anka–Mayanchi highway. They reportedly moved through communities including Ruwan Gora, Zauren Gora, Tulluwa, Unguwar Shanu, Tsangaya and Tundun Namali before reaching Sauna.

The journey reportedly covered nearly 50 kilometres as the attackers moved through several communities.

Residents said the attack occurred during the day, starting at about 2pm and continuing until around 5pm.

The terrorists were also reportedly involved in cattle rustling during the incident, although the exact number of animals taken was not immediately known.

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Senior EFCC Officer faces allegations of abuse of office and unexplained wealth

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EFCC Chairman Ola Olukoyede
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Despite the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, championing a zero-tolerance policy on internal corruption, a senior managerial officer in the rank of Assistant Commander (ACE) of the Commission has been accused of extensive corruption, abuse of office, obstruction of justice, and unexplained wealth.

The allegations are contained in a six-page petition submitted to the EFCC Chairman on July 9, 2026, by the Network for Justice Association of Nigeria (NJAN), a copy of which PRNigeria obtained.

The petition comes amid heightened scrutiny of alleged misconduct within the anti-graft agency, including a separate investigation involving a sectional head over a reported $400,000 corruption allegation.

Olukoyede has repeatedly emphasised internal cleansing as essential to the credibility of the Commission’s anti-corruption campaign, with the EFCC sanctioning and dismissing personnel found culpable of fraud, misconduct and other breaches.

However, the latest petition raises serious allegations against a senior officer reportedly close to the Commission’s leadership and whose monthly remuneration is said to be between N800,000 and N900,000.

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The petition, signed by NJAN President, Adedeji Sunday Ajala, was also copied to the Attorney-General of the Federation, Director-General of the Department of State Services (DSS), Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and Chairman of the Code of Conduct Bureau (CCB).

NJAN listed 21 allegations against the officer, ranging from abuse of office and extortion to interference with investigations, unauthorised access to financial intelligence and acquisition of assets allegedly inconsistent with his legitimate income.

PRNigeria has not independently established the allegations, and the petition did not provide evidence of any conviction or formal finding of wrongdoing against the officer.

According to the petition, individuals who supplied some of the information requested anonymity because of alleged fears of victimisation within the Commission. NJAN, however, maintained that the claims were based on what it described as “consistent accounts and observable patterns” capable of being independently verified.

One of the central allegations is that the officer presents himself as the “lifeline” of the EFCC Chairman and allegedly invokes his purported closeness to the leadership to wield influence within the Commission.

The petitioners alleged that the officer sometimes bypasses established operational procedures by obtaining approvals directly from the Chairman without routing matters through relevant supervisory channels, including the Head and Director of Operations.

They further claimed that the officer allegedly demands as much as 10 per cent of sums involved in some petitions before investigations commence and, in certain instances, secures approval for petitions without subjecting them to the Commission’s normal vetting process.

Another allegation concerns the purported acquisition of confidential banking information. NJAN alleged that the officer works with contacts in the financial sector to obtain information on individuals and companies, which is subsequently used for extortion rather than legitimate investigation and prosecution.

The group also accused the officer of holding undisclosed meetings with high-profile suspects inside and outside EFCC premises, where unofficial settlements and “soft landings” were allegedly negotiated.

The petition claimed that some of the alleged encounters were recorded and could be investigated. Among the most serious accusations are claims that the officer received substantial sums in local and foreign currencies through proxies in exchange for favourable treatment of suspects.

The petition also alleged that some individuals were falsely informed they had been placed on security watchlists to extract money from them. It further accused the officer of conspiring with politicians to use EFCC processes against political opponents, including alleged interference with administrative bail in return for financial inducements.

The petitioners also urged scrutiny of the officer’s assets, which they claim are far beyond his legitimate earnings. They cited luxury vehicles, duplexes allegedly acquired through a construction firm, and Dubai properties reportedly purchased through a real estate company.

NJAN alleged that over $1 million in cash was used for some of the overseas acquisitions, including a purported $300,000 transaction in June 2026 — claims PRNigeria has not independently verified.

The petition further questioned the officer’s frequent business-class trips to the United States and alleged ownership of property there, calling for checks on immigration and financial records. A poultry business linked to the officer was also flagged for investigation over suspicions that it may serve as a front for trade-based money laundering, though the petition cited no formal findings by any competent authority.

NJAN also alleged that the officer maintains relationships with influential political and business figures whose interests could intersect with his official duties. In one instance, the petition claimed that a prominent South-East businessman allegedly engaged the officer to influence a case before the Commission, including a reported visit to the businessman’s Abuja residence on June 1, 2026, where an undisclosed sum in USD was allegedly paid to suppress a matter.

The petition similarly alleged contacts with political figures in northern Nigeria, including individuals reportedly linked to cases under the officer’s purview. It warned that, if proven, such relationships could compromise the EFCC’s credibility, weaken public confidence in anti-corruption enforcement and demoralise officers who carry out their duties professionally.

They consequently called on Olukoyede to institute an independent and comprehensive investigation into the allegations, secure relevant documentary and electronic evidence, protect potential witnesses and take appropriate action where wrongdoing is established.

“A thorough investigation and decisive action will reinforce public confidence in the Commission’s commitment to accountability and send a clear message that no officer, regardless of rank or influence, is above the law,” the petition stated.

When contacted, EFCC spokesperson Dele Oyewale told PRNigeria that the Commission maintains a strict zero-tolerance stance on internal corruption. He said over 40 staff members were recently dismissed following thorough, independent investigations.

Oyewale said internal disciplinary reviews are continuous but noted that he was not yet aware of the latest petition specifically targeting the officer. (PRNigeria)

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