The Federal Government has said the Nigerian Financial Intelligence Unit (NFIU) has uncovered 96 financiers of terrorism, especially those backing Boko Haram and the Islamic State of West Africa Province (ISWAP).

It also said NFIU has unmasked 424 associates/supporters of the financiers, about 123 companies and 33 bureaux de change linked with terrorism.

This was disclosed by Minister of Information and Culture, Alhaji Lai Mohammed, during a press conference on the administration’s fight against corruption in Abuja on Thursday, February 3.

According to the minister, “the analysis has resulted in the arrest of 45 suspects who will soon face prosecution and seizure of assets”.

Still, on terrorism financing, Lai Mohammed said the NFIU had intelligence exchanges on Boko Haram, ISWAP, banditry, kidnapping, and others with 19 countries.

During the same period, 2020-2021, the organization returned fraudulently-obtained funds totaling US$103,722,102.83, 3,000 Pound Sterling; 7,695 Singapore dollar, and 1,091 Euros to 11 countries of victims who came into the country.