Terrorism financing as a threat to national Security and Development in Africa-The Nigeria scenario

Abstract

This paper investigates the cause of terrorism financing and its impact on development in Africa with focus on Nigeria. There exists a notion among terrorist that they can conquer and control the world from their own perspective. The notion calls for more power by the so-called terrorist organizations. The interrogation of this paper is: who is financing this organization and how? From this premise and using descriptive phenomenological method and review approach, the paper discovered that the two most viable sources of terrorism financing in Nigeria and Africa are the state-led-sponsorship and the private-led-sponsorship. Again, the study also affirms that illegitimate and illegal sources of finances to terrorist constitute substantial modus operandi of terrorist fund raising strategies.
The paper conclude that the national and economic developments in Nigeria and Africa are seemingly compromised. The challenges of insecurity and national development have become an unholy marriage of inconveniences. Thus, the paper strongly recommends stopping the money from entering into the cell of a terrorist as one of the best approaches in fighting terrorism in Africa.