To cripple Boko Haram’s funding, Nigeria must strengthen financial intelligence, enforce stricter anti-money laundering policies, and enhance collaboration with global financial watchdogs. Identifying and prosecuting local sponsors, banning extremist charities, and enforcing economic sanctions against foreign financiers are crucial steps.
Border security must be reinforced with drones and biometric surveillance to curb cross-border funding. Disrupting the group’s kidnap-for-ransom economy through a strict no-ransom policy and improved rescue operations is essential. Cracking down on illegal trade, smuggling, and cryptocurrency transactions will further weaken their financial base.
Additionally, reforming humanitarian aid distribution with biometric registration and tighter auditing will prevent diversion of resources. A coordinated national and international response is critical to dismantling Boko Haram’s financial networks and restoring stability in Nigeria.
Dr. Amiida
Headlinenews.news.
