Efficient Financial Intelligence Practice – Panacea for Domestic Terrorism (A case study of Boko-Haram Insurgence in Nigeria)

Joseph Osenweokwu Ojeme

Efficient Financial Intelligence Practice – Panacea for Domestic Terrorism (A case study of Boko-Haram Insurgence in Nigeria)

Joseph Osenweokwu Ojeme

Abstract

After nearly a decade of violence, Nigerian government has been unable to develop effective strategy for dismantling terrorism and terrorist attacks on the citizens particularly in the north east geopolitical zone of the country. In 2014 school girls numbering over 200 hundred were abducted as well as twice bomb blast in Nyanya at the nation’s capital killing over 90 people in all. There is no doubt that a lot of resources in terms of men and materials have been deployed in the last decade to counter insurgence to the detriment of national developmental objectives all to non- avail. This study examines the need for an efficient financial intelligence as a veritable tool to counter terrorism in Nigeria. Secondary sources of data will suffice, such as textbooks, journals, newspapers, magazines, internet documents among others. The paper concludes with recommendation for a robust and independent national financial intelligence agency practice that would corroborate with other financial institutions on guard to undertake financial surveillance that would ultimately frustrate the activities of terrorist and nip it on the bud before they crystallize as instrument of mass destruction.

Keywords

Efficient Domestic terrorismFinancial Intelligence Practice and Panacea

References

Abimbola, J.O, &Adesote, S.A,(2012) Domestic Terrorism and Boko Haram Insurgence in Nigeria. Journal of Arts and Contemporary Society Volume (4), 9, 2012 Adesoji, A. 2010.The Boko Haram Uprising and Islamic Revivalism in Nigeria. Africa Spectrum, 45(2), 95-108. African Focus –Global Financial Integrity Report 2012 Danjibo, N.D. 2009. Islamic Fundamentalism and Sectarian Violence: The ‘Maitatsine’ and ‘Boko Haram’ Crises in Northern Nigeria. Peace and Conflict Studies Paper Series, Institute of African Studies, University of Ibadan, 1-21 Daily trust newspaper of May 13, 2014, P21, Banks Assist in Money Laundering Dearn M., 2011. Boko Haram Nigeria’s Terrorists Insurgency Evolves InCodewit World Egmont Group (2015) Financial Intelligence Units: Global Fight against Terrorist Financing Bridgetown, Barbados 12 June 2015. Guardian newspaper; 20th February, 2012, 12th March,2012 Mayall C. & Palmer S.(1993) Customer Services-Marketing & Competitive Environment, Pitman Publishers (1993) Odeleye D.A. (2014) Checkmating Upsurge of Domestic Terrorism in Nigeria, A Counseling Psychologist’s Perspective, Journal of Capital Development in Behavioral Sciences Vol 1 Faculty of Education, Lead city University, Ibadan. Punch newspaper: 17th June, 2011, 23rd February, 2012, 27th February, 2012 Thisday newspaper; Wednesday 14th May, 2014. Walton A. (2013), Expanding the Frontiers of Intelligence Education; Journal of Strategic Security Volume 6, No 5, Supplement:9th Annual JAFIE Conference. Wikipedia, the free encyclopedia, Guardian.co.uk, Wednesday 28 February 2007

Efficient Financial Intelligence Practice – Panacea for Domestic Terrorism (A case study of Boko-Haram Insurgence in Nigeria)

Abstract

Keywords

References

More Articles from IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH