Links between terrorism financing and organised crime in Nigeria

Bello Umar

Journal of Financial Crime, 2024, vol. 32, issue 1, 147-153

Abstract: Purpose - This study aims to assess terrorism activities to identify measures required to mitigate the rise of terrorism activities and their metamorphosis into organised criminal activity through the prevention, disruption and dismantling of sources of financing terrorism. Design/methodology/approach - A qualitative methodology was adopted for this study using descriptive synthesis from recent publications and reports of reputable organisations, i.e. relevant grey literature, key informant interview and a focus group discussion. This triangulation approach was used to cross-validate the findings. Findings - The findings revealed that terrorism financing is most likely linked to organised crime for generating revenues and is further used to finance the activities of terrorists. Practical implications - Terrorists operate from places with little or no presence of governance and, better still, ungovernable spaces for carrying out legitimate businesses, raising internally generated revenues from protection fees, ransoms and taxes. This space further allows domestic collaboration with local criminal gangs to exploit natural mineral resources. If the market for these resources is across borders, international or transnational criminal groups collaborate with terrorists to move the goods and assist with financial services for the generated proceeds. Originality/value - This study assessed the emerging links between terrorism financing and organised crime in Nigeria.

Keywords: Nigeria; Terrorism; Terrorism financing; Organised crime; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-01-2024-0026

DOI: 10.1108/JFC-01-2024-0026

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