This sum was revealed by a retired Major of the U.S. Army, Chris Moghalu. The former military man and Intelligence Specialist made the disclosure on the African Independent Television (AIT) morning magazine programme, FOCUS NIGERIA, hosted by Gbenga Aruleba. Sunday Vanguard was able to contact Major Moghalu.
During a telephone conversation he disclosed that he was “bothered about the embarrassment of the specific issue of the abduction saga, but more worried about the insurgency that has given Nigeria a bad name.”
“All people like us want to do is help,” he added.
Speaking about the sums the terrorists possess he recalled the increased number of the bank raids and armed robbery occurrences which became rampant in some parts of the North were orchestrated by members of the sect.
Moreover, trans-national criminal activities including kidnap for ransom, drug trafficking, weapons trafficking and armed robbery were the sources of revenue for Boko Haram. The money couriers of Boko Haram are also common for Nigeria. It is quite a complicated mission to track and to arrest them.
It would be noted that in 2012, the officials of the U.S. State Department took Boko Haram “very seriously”, they allocated $20million (N3.176billion) in military funding assistance to the Nigerians. Earlier, in April 2014, the U.S. security experts stated that both Al-Qaeda and Al-Shabaab terrorist organizations are helping Boko Haram members to carry out their operations in Nigeria.
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