TechFlow news, June 30 — According to News.Bitcoin, Nigeria's terrorist group Boko Haram is increasingly relying on cryptocurrencies, mobile payments, and other digital tools to fund its operations, collecting millions through ransoms, looting, and forced "zakat" donations. Experts describe these digital funding methods as a "blind spot" in counterterrorism efforts. Nigeria's large and largely unregulated cryptocurrency market, driven by economic demand, has inadvertently facilitated this threat. Experts such as Oge Samuel Okonkwo point out that Boko Haram leverages the decentralized nature of cryptocurrencies to operate at low cost, including purchasing weapons, and benefits from Nigeria's massive volume of daily digital transactions. The group's cross-border activities are also enhanced by the ease of digital transfers offered by cryptocurrencies.
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