NFIU uncovers how terrorist financiers use women’s bank accounts, crowdfunding in operations

The funds would then be consolidated in a master account before being split into smaller payments and transferred through international money-transfer operators and remittance applications to a network of Nigerian money mules.

By Kingsley Omonobi The 2026 Annual Nigeria Financial Intelligence Report has revealed that terrorists and extremist groups are increasingly using crowdfunding networks to raise funds for their criminal activities. The report by the Nigeria Financial Intelligence Unit (NFIU) said terrorist financiers were also opening

Banks dominate NFIU suspicious reports, accounting for 92% of all filings in 2025. Discover the latest trends in financial crime reporting in Nigeria.