The predominance of the cash economy is a major factor fuelling the nefarious activities of the Boko Haram and other terrorist groups in the Lake Chad Basin region, a UN report has revealed.
This was contained in the 22nd Report of the Analytical Support and Sanctions Monitoring Team, pursuant to resolution 2368 (2017) concerning Islamic State in Iraq and the Levant – ISIL – (Da’esh), Al-Qaida and associated individuals and entities.
The report identified extortion, charitable donations, smuggling, remittances and kidnapping as parts of ways Boko Haram is funded.
The report was submitted to the Security Council Committee pursuant to resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da’esh), Al-Qaida and associated individuals, groups, undertakings, and entities.
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