Evolution and dynamics of informal money transfer systems in the Lake Chad Basin
Nov 2025
by Oluwole Ojewale, Raoul Sumo Tayo - ISS
by Oluwole Ojewale, Raoul Sumo Tayo - ISS
DOWNLOAD THE FULL REPORT
This research sheds light on the hawala system in the Lake Chad Basin. This informal financial network operates outside conventional banking regulations and because it is susceptible to illicit financial flows, it is increasingly exploited by organized crime.