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JUST IN: We’ll Soon Name Terrorism Financiers in Nigeria – CDS

Godwin Asiegbu by Godwin Asiegbu
August 22, 2025
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JUST IN: We’ll Soon Name Terrorism Financiers in Nigeria – CDS
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Unmasking the Shadows: A Promise That Could Reshape Nigeria’s Security Landscape

For years, the issue of terrorism has plagued Nigeria, leaving a trail of destruction, displacement, and despair. From the Boko Haram insurgency in the North-East to the banditry and other criminal activities across the country, the fight against these non-state actors has been a costly and protracted one. However, despite the efforts of the military and other security agencies, a nagging question has always lingered: who is funding these groups? A recent statement by Nigeria’s Chief of Defence Staff, General Christopher Musa, promises to provide a definitive answer, sparking both hope and apprehension across the nation.


The announcement, a terse but powerful declaration, has set the Nigerian public and the international community on edge. General Musa stated that the military is “close” to revealing the identities of individuals and entities who have been financing terrorism in the country. This is not the first time a Nigerian official has made such a statement, but the weight of the Chief of Defence Staff’s office lends it a new level of gravity. This is a promise that, if fulfilled, could be a game-changer in the war on terror.

Soldiers walk through Hausari village during a military patrol near Maiduguri June 5, 2013. Burnt out vehicles and scattered rubbish is all that’s left of a militant camp near Maiduguri, northern Nigeria. Since last month, government troops have stepped up efforts to stamp out insurgent groups that have plagued the oil-producing country and killed thousands over the last four years. According to the military, this camp was one of several belonging to Islamist Boko Haram fighters. Olukolade said the biggest offensive yet against the group was necessary and that so far it has proven successful. Picture taken June 5, 2013. REUTERS/Joe Brock(NIGERIA – Tags: MILITARY CIVIL UNREST POLITICS)


Terrorism financing is the lifeblood of these criminal enterprises. Without a steady flow of funds, terrorist groups would struggle to acquire weapons, pay their members, and sustain their operations. The money allows them to maintain camps, procure equipment, and execute their deadly plans. The recent revelation by General Musa that some surrendered and apprehended terrorists were found with foreign currency suggests a complex network of support that extends beyond Nigeria’s borders. This underscores the transnational nature of the threat and the need for a global, coordinated response.

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The Nigerian military has made significant strides in combating terrorism on the front lines. The Chief of Defence Staff recently highlighted the military’s ongoing efforts to adapt to new threats and its commitment to a proactive approach. However, while military action is crucial, it is only one piece of the puzzle. Targeting the financial networks that sustain these groups is arguably the most effective way to cripple their operations from the inside. This is where the promised revelation holds its greatest potential.


The public’s reaction to the announcement has been a mix of cautious optimism and cynicism. Many Nigerians have long suspected that powerful, well-connected individuals are behind the country’s insecurity woes. The idea of these individuals finally being exposed to justice is a source of hope. However, there is also a deep-seated fear that the promise will remain just that—a promise. Previous administrations have made similar pledges without a significant follow-through, leading to a loss of public trust. The onus is now on the military high command to demonstrate its resolve and show that this time will be different.


The fight against terrorism financing is not solely a military or law enforcement endeavor. It requires a multifaceted approach involving financial intelligence units, government agencies, and international partners. The Nigerian Financial Intelligence Unit (NFIU) has been working with other agencies to disrupt these networks, and a recent report indicated progress in the country’s anti-money laundering and counter-terrorist financing efforts. However, the true test of this commitment will be the political will to prosecute those named, regardless of their status or influence.


As the nation waits with bated breath, the coming days and weeks could define the future of Nigeria’s security. The potential unmasking of terrorism financiers could usher in a new era of transparency and accountability, finally addressing the root causes of the insurgency. It could also be a moment of reckoning, forcing the nation to confront the uncomfortable truth about the forces that have held it back for so long. The success of this endeavor will not only be measured in the number of names revealed but also in the swift and decisive justice that follows.


For a deeper dive into the challenges and efforts to combat terrorism financing in Nigeria, you can watch a video discussing the Chief of Defence Staff’s position on foreign funding for terrorist groups. General Musa Exposes Terrorist Funding.

Tags: CDSChristopher MusaNigeriaTerrorism

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