Proceeds of kidnapping being used to finance terrorism – NCTC Coordinator

The Coordinator of the National Counter-Terrorism Centre in the Office of the National Security Adviser, NCTC-ONSA, Yaminu Musa, has said that proceeds of kidnapping are being used to partly finance terrorism.

Musa made this known on Wednesday in Abuja during the `Anti-Kidnap Multi-Agency Fusion Cell Media and Communication workshop’.

“Kidnapping for ransom is also identified as one of the means of funding terrorism.

“Thus, carnage unleashed by kidnappers in affiliation with terrorist groups all over the world leading to loss and disruption of lives and properties, is a major concern.

“Hence the need for collective efforts in advancing measures to check the threat,” he said.

He said that the menace requires concerted and sustained efforts by everyone, government, citizens, the international community and the media.

He maintained that all over the world, proceeds of kidnap for ransom enterprise have remained a source for financing terrorism.

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