Nigeria’s economic failures creating openings for terror financing – Kurfi on BDC involvement 

Dr Bashir Kurfi, a lecturer successful International Finance astatine Ahmadu Bello University (ABU), Zaria, says allegations linking immoderate Bureau De Change (BDC) operators to coercion financing are not surprising, considering the planetary quality of coercion and the wide usage of overseas currencies successful amerciable transactions.

Speaking during an interrogation connected Trust TV connected Wednesday, Kurfi said violent groups specified arsenic Boko Haram and the Islamic State West Africa Province (ISWAP), which run crossed the Sahel region, beryllium connected planetary fiscal networks to determination funds.

“When you speech of terrorism, it has an planetary dimension. Groups similar Boko Haram and ISWAP person networks crossed countries, truthful determination volition people beryllium planetary question of funds,” helium said.

Commenting connected reports from the United States linking immoderate Nigerian BDC operators to suspicious fiscal transactions, Kurfi said BDCs could easy beryllium utilized for illicit activities due to the fact that they woody mostly successful currency and overseas currencies.

“Bureau De Change operators tin go a conveyance due to the fact that they grip currency and antithetic currencies. The US dollar remains the ascendant currency successful internatio...