The Nigerian Financial Intelligence Unit (NFIU) has uncovered a startling revelation about the financial activities of the Indigenous People of Biafra (IPOB). According to a recent publication in the ‘Counter Terrorism Financial Newsletter’, IPOB has managed to raise over $160,000 through monthly dues and crowdfunding efforts.
The NFIU’s investigation into IPOB’s financial network has revealed a sophisticated operation involving 54 individuals spread across the globe. Diaspora affiliates of the group are located in 22 countries, with 27 entities registered under the group’s name worldwide. The United States and the United Kingdom have the highest number of registrations, with seven and six entities respectively.
Various bank accounts in different countries have been identified as receiving funds for purposes such as monthly dues, services, and support for the Eastern Security Network (ESN). The NFIU confirmed that crowdfunding by individuals abroad, mostly Nigerians, is a major source of revenue for the group.
Over $160,000 has been disbursed to transmission, media, and broadcasting companies in Bulgaria, South Africa, and the United Kingdom. The report also profiles the group’s leader, addresses, mobile numbers abroad, and 53 other individuals associated with IPOB. Law enforcement has been alerted for further investigation.
This revelation sheds light on the global reach and financial capabilities of IPOB, raising concerns about the group’s activities and funding sources. The NFIU’s findings highlight the need for continued vigilance and monitoring of such organizations to prevent illicit financial activities and support counter-terrorism efforts.
