According to the PUNCH, the Nigerian government plans to arraign approximately 400 suspected Boko Haram supporters and financiers apprehended in a nationwide operation last month.
The businessmen were apprehended in Kano, Borno, Abuja, Lagos, Sokoto, Adamawa, Kaduna, and Zamfara, among other places.
On Monday, it was learned that criminal cases touching on terrorism were still being drafted against them, as inquiries into their nefarious actions progressed.
The men’s arrest followed the imprisonment of six Nigerians in the United Arab Emirates on terrorist funding charges.
Dr. Umar Gwandu, the Minister of Justice’s media aide, said on Monday that the trial of the suspects “would begin as soon as possible.”
Gwandu hinted that charges would be filed against the suspects shortly, but he refused to comment further when asked for an update on the case.
However, the results showed that the government was also investigating the extent of the businessmen’s links to the militant organisation.
The Defence Intelligence Agency, in conjunction with the Department of State Services, the Nigerian Financial Intelligence Unit, and the Central Bank of Nigeria, arrested 400 alleged terror financiers, according to the Daily Trust.
As part of the action, the CBN and NFIU are alleged to have blocked billions of naira linked to companies owned by persons of interest in a sequence of “post no debit” letters sent to banks.
According to reports, the central bank received court orders freezing scores of accounts flagged for fraudulent transactions.
Last year, the operation began with a massive collection and processing of financial intelligence and uplink analysis, which resulted in the initial labelling of approximately 60 companies and individuals.
Bureau de change owners, gold miners and traders, and other businessmen accused of having links to the Boko Haram insurgents were among those affected.
Some traders at the foreign exchange open market in Wapa, Fagge Local Government, were allegedly picked up on March 9th, 15th, and 16th in Kano, a major target for the activity.