General News
Revealed! How Middle Eastern Backers Fund Boko Haram

Boko Haram’s recent attacks are notable for the expensive military hardware on display. Where is it getting funds to acquire these hardware?
The Independent reports on the sources of this money, from wealthy Middle Eastern backers to the black market
If there was an exact moment that the international community understood the breadth of Boko Haram’s evil, it came last month, when the group’s leader grinned and announced that he would sell more than 200 kidnapped schoolgirls in his “market of selling human beings”.
Behind Abubakar Shekau, a man who rose to the top of Boko Haram through unmatched brutality and religious fanaticism, loomed several armoured vehicles.
Local experts said the video was likely to have been filmed in the remote Sambisa forest in north-eastern Nigeria. The juxtaposition between rural land and advanced machinery made a jarring contrast.
Despite the poverty of northern Nigeria – where 70 per cent of people live on less than 60p a day – the Boko Haram terrorist group has at its disposal a seemingly limitless amount of heavy weaponry, vehicles, bombs and ammunition that it uses to kill with unfathomable wantonness.
The Islamic militants, masquerading as members of the military, raided three villages in north-eastern Nigeria this week and killed 400 villagers “from house to house” using “sophisticated weapons”, one local leader told Bloomberg.
Dozens more Boko Haram members arrived at another village, Bargari, disguised as preachers and assembled all those living in the village, ostensibly to teach Islam. Once they had gathered, another “large number of terrorists” arrived and “opened fire on the congregation”, one resident told Nigeria’s Daily Post.
“The gunmen numbering 20 ambushed the village with four Toyota Hilux vehicles, AK-47 rifles, improvised explosive devices, and petrol bombs,” the paper said.
Saleh Mohammed, a member of Civilian JTF – one of a number of vigilante groups that have sprung up to fight the militants – told Reuters: “Boko Haram wreaked havoc in the villages. They burned houses and killed people mercilessly after tricking the residents.”
The expensive equipment on prominent display soon prompted questions about who was funding Boko Haram’s campaign of slaughter.
According to a survey of academic, governmental and journalistic accounts, Boko Haram funds its escalating acts of terror through black market dealings, local and international benefactors, and links to al-Qa’ida and other well-funded groups in the Middle East.
Analysts say its fundraising apparatus is intricate and opaque. “The actual source of the funding is as elusive as the militants themselves,” Heather Murdock wrote for Voice of America.
The story of Boko Haram’s fundraising began after the 2001 terrorist attacks on the World Trade Centre and the Pentagon.
The group’s original leader, a charismatic cleric named Mohammed Yusuf, who was later killed, founded the group in 2002 pushing an alternative to Western education, which he claimed undermined Nigeria’s development. (The group’s Hausa name translates as “Western education is sin”.)
Around that time, Osama bin Laden sent an aide to Nigeria with about £1.8m in local currency to dispense among groups that shared al-Qa’ida’s mission to impose Islamic rule. One of the “major beneficiaries”, the International Crisis Group said, was Boko Haram.
EJ Hogendoorn, the International Crisis Group’s deputy programme director for Africa and an author of the report, told The Daily Beast: “What I can tell you from talking to lots of conservative Muslims in Nigeria is that there was a lot of money coming into northern Nigeria. There are many sources of that money. One of those sources was from al-Qa’ida.”
The connection between Boko Haram and al-Qa’ida – and its money – perhaps deepened when Yusuf fled to Saudi Arabia to escape one of Nigeria’s first crackdowns on the terrorist group. It remains unclear what happened while he was in Saudi Arabia, or who he met, but Boko Haram leaders have later said that much of their funding comes from al-Qa’ida.
A Boko Haram spokesman said in 2011: “Al-Qa’ida are our elder brothers. We enjoy financial and technical support from them. Anything we want from them we ask them.”
But even such alleged financial connections with al-Qa’ida cannot explain Boko Haram’s money. The group reportedly also gets cash from Islamic terrorist groups such as al-Shabaab in Somalia and local al-Qa’ida affiliates.
Then there’s the black market money. Beyond a hatred of Western education, economic motives may have also driven Boko Haram’s recent abduction of the schoolgirls. A robust and terrifying slave market exists in Nigeria and neighbouring countries.
The Combating Terrorism Centre at West Point, the US military academy, said: “Kidnapping has become one of [Boko Haram’s] primary funding sources, a way to extract concessions from the Nigerian state and other governments, and a threat to foreigners and Nigerian government officials.”
Experts now estimate that kidnapping is worth “millions of dollars in ransom money” to the militants.
What experts agree on is that one of the best ways to stall Boko Haram is to cut off its funding. But how to do that remains unclear. The group is an entrenched part of life in northern Nigeria, possessing control and influence, and even collecting taxes.
Next week, Foreign Secretary William Hague will host a meeting of African and Western officials in London aimed at stepping up efforts to defeat the militants. Its effectiveness may hinge on the West’s ability to cut off the group’s funding
General News
LG Electronics Celebrates Women Who Power Progress @ 2026 Women’s Month Event

LG Electronics has reinforced its commitment to gender inclusion and women’s empowerment with the successful hosting of its 2026 Women’s Month event, themed “Women Who Power Progress,” at its Lagos office.

The event brought together accomplished women from diverse industries for a thought‑provoking panel discussion that explored their personal journeys, career-defining moments, and the inspiration behind their success in traditionally male-dominated and highly competitive fields.
The distinguished panel featured award‑winning filmmaker Mrs. Biodun Stephen, Mechanical Engineer Engr. Adeola A. Adeleke, Interior Design Leader Dr. Jennifer Chukwujekwe, and MEP Engineer Engr. Moyosore Onabolu. The session was expertly moderated by actress and entrepreneur Blessing Obasi‑Nze, who guided candid conversations around ambition, resilience, and purpose.
Throughout the discussion, panelists shared compelling stories of perseverance, the challenges they overcame, and the values that shaped their professional paths. They also offered practical advice to women navigating their careers, emphasizing the importance of resilience, continuous learning, self-belief, and mentorship as key drivers of long-term success.
A major highlight of the event was the keynote address delivered by Engr. Dr. Funmilade Akingbagbohun, the first female National Chairman of the Nigerian Institution of Mechanical Engineers (NIMechE), Mechanical Engineer, and STEM Advocate. Her keynote address tagged “Women Building, Fixing, Innovating, and Powering the Future of Technology,” delivered a compelling call to action for women, organisations, and society at large.
“Women are building, fixing, innovating, and powering the future of technology. As we mark International Women’s Day, my call to action is simple but urgent: rise, build, break barriers, and lift others along the way,” she said.
“To organisations like LG Electronics, continue to foster inclusive environments where women can thrive, lead, and innovate. To every woman here, be bold, pursue excellence, and never underestimate your potential. To the next generation, embrace STEM careers with confidence and courage. And to all of us, support one another because success is more meaningful when it is shared.”
“While we celebrate progress, we must acknowledge the challenges that still exist, from gender stereotypes and underrepresentation in leadership to the pressure of balancing multiple roles. Yet today’s woman is competent, resilient, and visionary. We are no longer waiting for opportunities; we are creating them, claiming them, and excelling in them. When women rise, organisations grow, and society progresses. There is no limit to what we, as women, can accomplish.”
Speaking at the event, the Managing Director of LG Electronics, Mr. Hyoung Sub Ji, underscored the company’s belief in the transformative power of inclusion.
“At LG Electronics, we believe that empowering women is not just a social responsibility, it is a catalyst for innovation, growth, and sustainable progress. Creating platforms where women’s voices and experiences are celebrated is essential to building a more inclusive future,” he said.
Held in a vibrant and engaging atmosphere, the event also provided a valuable networking platform for attendees to connect, celebrate achievements, and exchange ideas in a relaxed and inspiring environment.
In line with the broader International Women’s Day theme, “Give to Gain,” LG Electronics used the occasion to reaffirm its belief that investing in women strengthens communities, organisations, and society at large.
Through initiatives like “Women Who Power Progress,” LG Electronics continues to champion diversity and inclusion, celebrating women who are not only breaking barriers but actively shaping the future and powering progress across industries.
General News
EFCC Waxes Worriedly over $160Bn Crypto Crime Losses

Economic and Financial Crimes Commission (EFCC) has warned of rising cryptocurrency-related crimes, revealing that illicit digital currency transactions exceeded $160 billion globally in 2025.

Ola Olukoyede, chairman, raised the concern during the inauguration of the United Nations Office on Drugs and Crime Country Programme for Nigeria (2026–2030) in Abuja.
Olukoyede, warned that digital currencies such as Bitcoin are increasingly being exploited by criminal networks to move funds across borders undetected.
According to him, advances in technology, weak regulatory frameworks, and gaps in global financial systems have created fertile ground for cyber-enabled financial crimes.
The anti-graft agency boss stressed that tackling cryptocurrency crime required coordinated national strategies, stronger institutions, and intelligence-driven enforcement.
According to him, the new UNODC programme comes at a critical time when Nigeria and the global community are facing growing threats from organised crime, cybercrime, and illicit financial flows.
Olukoyede described the initiative as a strategic platform to strengthen the rule of law, improve the criminal justice system, and protect citizens from financial and violent crimes.
Musa Aliyu, chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), in his comments, called for stronger inter-agency cooperation.
Aliyu said Nigeria faced interconnected threats, including violent extremism, smuggling, organised crime, and illicit financial flows, warning that no single agency could address them alone.
General News
FG Awards N50m Each to 45 Students under S-VCG

Federal government has awarded N50 million each to 45 students selected from 65 finalists drawn from public and private tertiary institutions nationwide under the Student Venture Capital Grant (S-VCG).

Tunji Alausa, minister of Education, unveiled the initiative at the weekend at the United Nations Development Programme Innovation Hub in Ikoyi, Lagos, describing it as a bold step toward positioning Nigerian youth as drivers of global innovation.
Alausa said the programme marked a significant shift in education policy, aimed at empowering students through innovation, entrepreneurship, and skills development. He noted that the grant offers equity-free funding, mentorship, incubation, and access to digital tools.
He explained that the beneficiaries emerged after a rigorous selection process involving over 30,000 applicants from more than 400 tertiary institutions across the country, culminating in a three-day bootcamp and pitch session before industry experts.
According to the minister, the initiative is designed to transform tertiary institutions into hubs of innovation and economic development, enabling students to move from ideation to commercialisation and become job creators.
“Today is not just another programme event. We are activating a new future for Nigerian students where great ideas are nurtured into impactful solutions,” he said.
Also speaking, Suwaiba Ahmad, minister of State for Education, described student entrepreneurship as a critical national strategy for job creation and economic growth. She emphasised the need for institutions to move beyond theory and support students in translating ideas into viable enterprises.
Similarly, Bosun Tijani, minister of Communications and Digital Economy, commended the initiative, urging beneficiaries to focus on building sustainable and impactful solutions rather than pursuing short-term gains.
He advised students to adopt consistency and long-term thinking, noting that small, sustained efforts could lead to meaningful innovation and societal impact.
In her goodwill message, Elsie Attafuah reaffirmed the commitment of the United Nations to supporting Nigeria’s innovation ecosystem.
She encouraged beneficiaries to refine their ideas, respond to market needs, and contribute meaningfully to national development through innovative solutions.
The minister acknowledged key partners, including the UNDP, Google, and the Bank of Industry, for their support in implementing the initiative and expanding opportunities for young innovators across Nigeria.
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