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Boko Haram Pays Recruits N500, 000
Boko Haram recruits members, not just from Nigeria, Cameroon and Chad, it also gets recruits from Niger Republic who it pays N500, 000.
However, their pay is raised should their bombs kill more people in Nigeria, the BBC has said.
The teens, when they are enlisted, are given Tramol [an opiate drug], marijuana and alcohol.
They break into houses for cash; sometimes beat people for money, and steal their animals for food. They gather again for their opium and drinks.
Though the recruits, barely in their teens, do not like the sect and its activities, they said they took to violence as being students they have no jobs and are poor.
The BBC documentary on Boko Haram, entitled ‘Niger hit by Nigeria’s Boko Haram fallout’ yesterday focused on young boys of a Niger Republic border town with Nigeria, Diffa.
In their hangout, the gang explained their association with the sect. “They have paid 500,000 Nigerian naira ($3,085, £1,835) to those of us who followed them over there.
The rest of us, here, we give them information. When they come, we inform them about what’s going on, what the security forces are up to. If they tell you to set off a bomb and it succeeds, if it kills a lot of people, they will pay you a lot of money,”one of the young men said.
Five members of this gang in Diffa, near the border, have joined the group; two have since been killed on operations, he said.
But the ideals for which Boko Haram is fighting – the imposition of strict Sharia, an Islamist caliphate and the banning of Western education – hold no interest for the gang, the report continued.
One of the gang members said, “Boko Haram Islamist militants from Nigeria regularly come across the border, looking for recruits. We can’t contact them, they come to us.”
The documentary showed about a dozen gang members in a tiny, dark room, built with local mud-bricks in the town, with a couple of home made stools and weights for them to exercise just outside the door.
Already, Nigeria’s neighbouring countries – Niger, Cameroon and Chad – are fearful that the group’s insurgency may spill over to their borders.
The Diffa government believes that the emergency rule in place in north-eastern states of Nigeria has not changed anything over the last year.
“It has radicalised Boko Haram more than anything else and generated other gangs and groups of bandits,” one official said.
Asked if they agree with Boko Haram’s reason for fighting, the gang answered in unison: “No. We only do it for the money.”
The boys who do not share the Boko Haram ideology of opposing anything western, were reportedly in skinny jeans, bright coloured T-shirts and shiny chains – like those seen around the necks of American rappers on music videos.
“Their attitude and brand new clothes make them stand out when they walk down the dusty streets of Diffa. The fashion style is clearly inspired by Western consumerism rather than Islamist militancy,” the report said.
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The gang members agreed to talk to us on the condition that we would not reveal their identity.
“We break into houses for cash; sometimes we beat people for money, we steal their animals so we can eat and then we gather up and take Tramol [an opiate drug], smoke ganja [marijuana] and drink alcohol,” one said.
“We have no jobs; some of us are still at high school but we need money. Violence has become a form of work for us.”
The young gang members also showed BBC a stash of machetes, knives, knuckle-dusters and traditional axes. They also claimed to have firearms and grenades but refused to show them.
Boko Haram has also been attacking the Niger region, an official told the BBC, adding that several attacks allegedly planned by the sect on the country’s territory have been foiled over the last months; and dozens of men suspected to have links to the group have been arrested.
Niger’s customs and national guards patrol along the porous border every day but the report said the Nigerian soldiers are yet to join the joint border patrols with their counterparts from Niger. The trading post of Krikri is seeing many Nigerians arrive seeking safety adding that some have relatives on the other side of the border.
“We know that Boko Haram members come across the border, but we are watching them closely,” Diffa government representative Inoussa Saouna, says.
“Just last December, we arrested two dozens of men – we believe they were planning to kidnap the regional governor, the military zone commander and myself.”
Military police, customs officers, as well as national guards conduct daily patrols along the porous border to mitigate the threat, BBC said.
“On paper, the border is supposed to be secured by joint patrols with soldiers from both countries. However, they have yet to start.
“Niger’s security forces are receiving training, logistics and intelligence support from both the US and France. Most of the border between Niger and Nigeria is naturally drawn by the Komadougou Yobe River.
Niger has a growing refugee crisis but without camps, which the authorities are reluctant to allow, fearing they could become new targets, or worse, recruitment centres for Boko Haram.
Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).
This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.
A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.
However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.
Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.
According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.
Credit: Vanguard
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Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth
Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.
This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.
Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.
With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.
According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”
“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.
Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.
The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.
Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.
In a recent gathering, organized by 234Finance, key stakeholders and HNIs came together to discuss the theme “Fueling Progress in the South East.”
The conversation highlighted the rich heritage, entrepreneurial spirit, opportunities for growth and the potential of the South East to be economic powerhouse.
During the discussion, the Managing Partner of 234Finance, Ezinne Nwazulu unveiled plans for an upcoming event of significant impact: the 4-week intensive SME Bootcamp and Mentor Matchup Challenge South East edition designed to empower SMEs. The program aims to empower SMEs with the knowledge, tools, and capital for rapid expansion and global competitiveness.
This initiative is building on the success of previous Mentor Matchup Challenge events, which equipped SMEs with actionable strategies and one-on-one mentorship, resulting in winners of the pitching competition securing grant funding to scale their businesses by 4x-10x.
The SME Bootcamp will feature an array of activities, including physical and virtual training sessions, onsite industrial training, and a pitching competition.
Ezinne Nwazulu emphasized the rigorous selection process, where the top 100 applicants meeting the criteria will undergo intensive training at two training centres in Abia and Anambra. From there, the most promising 15 participants will have the opportunity to pitch their business for grant funding.
Dr Chima Anyaso, Chairman of Caades Group, expressed his commitment to the region’s development and encouraged entrepreneurs with innovative crafts to seize this opportunity.
Criteria for selection are uncompromising, emphasizing technical expertise in core sectors; Agribusiness, Manufacturing, Supply Chain & Logistics, Fashion & Textile, and Retail, with a particular focus on businesses operating within the South-East region for at least three years and significant growth potential of 4x-10x.
The Bootcamp is set to commence from May 14 to June 14 2024 with Southeast-based entrepreneurs encouraged to visit the 234finance bootcamp to apply.
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