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Nigeria Targets Terror Networks as FG Names New Suspected Financiers

Borno State Government

By Fatima Mukhtar

In a renewed push to choke the money trails behind violent groups, the Federal Government has released a new roster of individuals and companies suspected of funnelling resources to terrorist organisations operating within and beyond Nigeria’s borders.

The announcement, made through security and intelligence agencies, represents the latest phase of the government’s effort to dismantle the financial frameworks that allow extremist groups to acquire weapons, coordinate attacks and evade surveillance.

Authorities explained that the list contains both corporate bodies and private actors allegedly linked to illicit transactions, money laundering schemes and covert financial support to armed groups. While full identities were not immediately made public, officials noted that the release forms part of ongoing investigations involving multiple security agencies.

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According to government sources, the move is aligned with broader regional and international counter-terrorism partnerships aimed at tracking suspicious monetary flows and enhancing intelligence sharing.

Security experts say choking financial pipelines remains one of the most effective ways to weaken terror cells, disrupt their recruitment channels and reduce their operational capabilities.

The Federal Government is expected to provide additional details as intelligence vetting progresses, while security agencies continue to monitor, interrogate and prosecute individuals found culpable.

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